Kleros the best way to resolve disputes
Hello steemians, for nobody is a secret that the world in which we live will always be controversial or disputes, whether in work environments or in everyday life, it is important to remember that our duties and rights end when the duties and rights begin. other people, when we hire a service I have the duty to pay what was agreed in the stipulated time but I also have the right to demand that the service be the one offered by the contracted and that I deliver it in the agreed time, sadly many of these agreements tend to fail, sometimes by the contractor and sometimes by the contracted, the conventional means to solve this problem is a legal action and inefficient, because they are long and expensive processes.
To solve this problem have developed Kleros, Kleros is a platform that offers a decentralized service for the resolution of disputes, without the need for long and expensive legal processes, Kleros offers us a network of specialized juries in different areas, which through intelligent contracts can solve the disputes quickly and economically, this without any of the parties is benefited, we know that in the conventional method if either party has influence or more money is often benefited, with Kleros that will not happen.
Resolution Mechanism
Kleros is made up of defined categories, at the moment that the contracting party as the contracted one reaches an agreement, we proceed to select the resolution details that Kleros offers, those details are the following:
- Number of jurors
- Category of contract (subcourt)
- Outcomes
By choosing these characteristics, those involved will be sure that if a dispute arises, it will be resolved by qualified people in the area of the contract, apart from establishing possible problems and possible solutions, the contractors already know that the jurors will choose a result that they they planned in case of disputes.
What are some types of disputes that can be resolved through Kleros?
Kleros will allow us to resolve disputes such as unfinished or poor quality work, or cancellation of projects without reason, apart from this can also be applied by accepting terms and conditions on decentralized platforms, It is always much easier to understand the operation of projects with practical examples, suppose you are a community manager and you are hired to take the social networks of a company, the contract stipulates that you must write two daily articles together with a daily image and the cost for your service would be $ 200 per month, in this point both (contractor and contracted) can establish what happens if someone fails to comply with the contract and they go to a dispute, suppose the community manager fails and does not post the two daily articles, if not publish one, the contracting party can put a dispute, can also happen that the community manager is complying with his two daily articles, but the contractor requires him to sub a to three daily articles to pay the month, at that time the contracted can enter the dispute and the system of Kleros act according to the parameters that they themselves (contracted and contracted) stipulated.
Another type of dispute may be that a user of a decentralized platform breaks any established rule, depending on the broken rule the juries may make a consensus of what the possible resolution and punishment for that user will be.
How can Kleros help reduce the costs associated with resolving disputes?
When a dispute begins, the dispute resolution process immediately begins, this without the need to hire a lawyer who can often charge more than what the clients will dispute, apart from the fact that the possible results of the dispute have already been defined by the contractors, the juries can vote for the one that seems more successful in a short time, and as we all know time is money, in this case it is money that customers save.
Kleros incentive systems
"Jurors rule disputes in order to collect arbitration fees. They are incentivized to rule honestly because, after a dispute is over, jurors whose vote is not coherent with the group will lose some tokens which will be given to coherent jurors."
It is very important that the system of incentives for juries is in a way that ensures that only good juries are clearly benefited, to achieve this Kleros I apply an incentive method based on coherence of votes, this system works as follows:
When solving a dispute, the appointed judges are presented with a series of options, which represent the possible solutions (these were already predefined by the contractors), suppose there are 5 judges, of whom 4 vote for the option solution B and 1 vote for option A, in this case the judge who voted for option A is selected as an incoherent vote, they explain to us that by a single incoherent vote they will not be penalized but they have participated in several disputes in which you have incoherent votes if they will be penalized by subtracting tokens.
To participate as a judge, people must deposit tokens and thus demonstrate that they are active in order to solve disputes, that is a guarantee that all judges will try to choose the solution to the most just dispute, since no one wants to lose the deposited tokens , then I leave a graph of how it would be the distribution of a dispute where BOD lost the dispute and covers the costs of "trial", apart from this also shows us graphically how is the distribution of the tokens and what would happen if the system already has a pair of judges cataloged as non-coherent and in this dispute they also choose a non-coherent option.
How many pinakion will exist?
The supply of pinakion is fixed at 1,000,000,000 units.
This may seem like a large number of tokens, but what would happen if Kleros begins to solve many disputes effectively, there would be a great demand for contracts and more people would be nominated to be judges, as it is necessary to have PNK token to run, increase their demand and we would have a healthy token with a good price.
As a curious fact the PNK token (pinakion) was the file used by the ancient Athenians to be drawn as juries in the trials
If you want to have more visual information you can appreciate it in the following video:
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For more information about Kleros, you can visit the following links
Kleros Website
Kleros YouTube
Kleros Twitter
Kleros WhitePaper
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Great article @hendersonp
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