Kleros: The future of Conflict Resolution
"Whoever controls the courts, controls the state".
Aristotle
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Introduction
Since time immemorial, disputes between individuals or societies have been frequent. Sometimes, they can be resolved in a friendly and satisfactory manner for the parties involved, but this is not always the case. In these cases, you must go to a court to hear the parties, evaluate the evidence and issue a ruling in favor of one of the parties. This procedure is usually cumbersome, slow and expensive, and it can even affect psychologically the people involved.
In some countries, mechanisms for resolving civil and commercial conflicts have been created through alternative means to the judicial process, which has the help of an impartial third party, the mediator, who facilitates the resolution by the parties themselves.
With the advent and overcrowding of the digital economy, thousands of small and medium-sized companies have emerged and will have to emerge in the coming years. Furthermore, labor relations have undergone a profound change. Nowadays, it is possible to buy goods or contracting services to the other end of the globe without any physical interaction between the parties. But what happens when one of the parties involved in this transaction does not agree with the operation?, to whom it can turn when the resolution of this conflict is likely to be outside the local or regional jurisdiction?.
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What is Kleros
Kleros is a decentralized platform that takes advantage of crowdsourcing, blockchain and game theory technologies to develop a multipurpose justice system capable of resolving all types of disputes, from the simplest to the most complex, in a safe and economical way.
Based on a set of juries with a broad domain in various subjects that are available to solve problems. Kleros gives the opportunity to deposit the funds in dispute until the juries issue, and all this is achieved thanks to an efficient contract.
If for any reason a contract is breached, Kleros protects the capital of both parties so that they are not affected.
How Kleros works?
The Kleros conflict resolution mechanism consists of subcourts defined by categories. After the creation of an smart contract, the parties involved would select the details of their integration to the plattform:
- Number of juries
- Contract category (subcourt)
- Outcomes
In the event of a dispute, the juries, who were randomly selected, will receive a series of possible outcomes from which to choose. The options are stipulated by the contracting parties in advance.
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The users have an economic interest in serving as jurors in Kleros earning cool cash in the form of arbitration fee that each member of the jury takes to carry out their work. Candidates will nominate themselves to serve as jurors using a token called pinakion (PNK).
The probability of being chosen as a jury for a specific dispute is proportional to the amount of tokens that a jury deposits. The greater the number of tokens, the greater the probability that will be selected as a jury. The juries that do not deposit pinakions do not have the possibility of being drawn. This prevents inactive juries from being selected.
"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".
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Kleros Use-Case
Lucille is a young confectioner (pâtisserie) who is opening a small business of handmade chocolates in the French Riviera. She needs to design the images, logos and banners that she will use on her website, social networks and all the articles she needs to implement a marketing strategy to increase her clientele.
After searching the network for freelance graphic designers, he decides to hire Pablo, a young Venezuelan who presents him with the best offer in terms of price, delivery time and payment terms.
Before disbursing the amount corresponding to the advance, Lucille and Pablo decide to go to Kleros in order to write an intelligent contract that protects them in the event of any dispute.
Both must choose a court related to the type of transaction they will make, the number of juries, as well as the different options (outcomes) that the members of the jury must vote if there is any disagreement with the work contracted.
After two weeks, Lucille receives the images that Pablo sent her, not being satisfied with the result she expected. Pablo claims the cancellation of the rest of his professional fees because the work meets the specifications that the client had requested.
In this case, if there had not been an smart contract, both parties would have been dissatisfied, one party for not receiving the rest of the amount owed, and the other party, for not having received a job that lived up to their expectations.
The members of the jury evaluate the evidence presented by each of the parties involved, and then each one of them chooses one of the previously agreed options.
The voting system is designed in such a way that, when a member of the jury votes, he can not change his vote, and no other member of the jury can know his vote, so that no jury can be influenced by the vote of another member.
When the voting ends, the members of the jury have to reveal the options they voted for, and then Kleros verifies that the options coincide. The votes are added and then the smart contract is executed.
Adventages
- Secured
- Bribe Resistance
- Low Cost
- Highly Qualified Jurors
- Guaranteed Privacy
- High Level of Transparency
The Team
The people involved in this project are true professionals who made it possible to capture this great idea. Here are these brilliant minds:
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Advisors
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Partners
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Finally, I want to share with all this introductory video about Kleros
For more Information & Resources:
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Great post, but I can see you aren't getting as many votes as you deserve. Have you looked into SteemEngine?
Thanks @classicmemes! No, I have not
¡¡Excelente Publicación!!, Mucha Suerte en el concurso!!
Gracias @imagen! Suerte a tí también!
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