Kleros changes the way individuals and businesses deal with disputes!
What's going on everybody @azzelarab here in @steemit I hope you're having a great day, today I'm gonna get into #Kleros .
Life becomes easier than before. One person can get in touch with another who is a million miles away through the internet, not only to communicate with people but for established business houses also.
Introduction to Kleros
KLEROS is platform that has stepped up to bridge this gap, and a network of juries specialized in various categories that are available to resolve disputes. In addition to a transfer (authority) from central to local government. application built on the top of #Ethereum that works as a decentralized third party to Arbitrate disputes in every kind of contract, will provide arbitration of disputes. Also evolving an agreement where the two parties give the experts the right to vote on who is correct, in case of dispute.
Whitepaper introduces Kleros:
" a dispute resolution system that renders ultimate judgments in a fast, inexpensive, reliable and decentralized way." A buyer can make a payment to a smart contract or an escrow account with Kleros they're free to send a bid for tokens, and through their system new rounds of financing, and the seller has to voluntarily accept, choosing to proceed directly to a public sale.
What makes Kleros fast and real?
#Kleros fast, reliable and completely automated procedure once a smart contract is in place. Also, there are a number of different courts which will be attended.
The thing that is essensial, there is enough money to compensate the jury for analyzing the evidence and voting a verdict. "Pay full amount to party1", "Pay only 50% to party1", "Return money to party2", etc. The jurors get more tokens for better work. There is new version or rather an adapted to today's hyper-connected environment.
How Kleros works
Crowdsourcing juries will defines what's the appropriate price should be used to settle the contract. And for the resolution of disputes regarding the oracle data, if a dispute arises, it will be resolved using the Kleros dispute resolution system.
This post made by @azzelarab, for the contest @Originalworks..!
Kleros 2018
------------------- Special Thanks To -------------------
@kleros2018 and @originalworks
Hi @azzelarab, I'm @checky ! While checking the mentions made in this post I noticed that @kleros2018 doesn't exist on Steem. Maybe you made a typo ?
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