Kleros - As The Official Quasi-Judicial Specialist System

in #crypto6 years ago (edited)

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Enter The Real World Kleros

        The usual subjective view of every single human being of what fairness should be defined is the primary source of dispute and strife. Nobody has the objective mindset in weighing and scaling fairness as it requires impartiality to be rendered judiciously. If you are a party in a chaos filled dispute nobody will try to give in as both parties will try to dominate each other in order to get the best piece of the pie. The dispute protocols should remain impartial but sourcing professional arbitrator is the problem area. We have decentralized technology in place to enforce impartiality but the way to incentivize the job as arbiters is another problem area so this is where Kleros will come in to save another typical day of dispute resolution as it attempts to professionalize quasi-judicial settlements with the most effective anti-corruption component in form of tokens.

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Use Case

        The labor union of ACME corporation is in a deadlock with the negotiators for their wage hike petition which they made against the management as they have this doubt as to the trustworthiness of the current set of arbitrators. The addition of Kleros system in their collective bargaining protocols can expedite the painful process of resolving such dispute plus it will help them cut cost.

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How it will change the way individuals and businesses deal with disputes?

        From now on professionals will be there to handle arbitration. It may seem like an ad hoc committee but it is better since there will be a safety net in place in case things go sour. The arbiters will be incentivized by the blockchain which will solidify the integrity of their decision making abilities. Those on tight budget will be able to handle overly abusive entities who seeks to bring down their ability to progress as a business enterprise.

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What are some types of disputes that can be resolved through Kleros?

        The resolution mechanism chart of the Kleros whitepaper has stated that disputes about electronic commerce, transport and insurance is in focus with regards to the said mechanism. But if it goes out in the open we can apply this platform to a wide range of problems like collective bargaining, project or item proposals and even in corporate communications. Well it depends on prevailing laws and jurisprudence but all in all the possibilities are endless.

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How can Kleros help reduce the costs associated with dispute resolution?

        Kleros in itself will help reduce the cost as it seeks to do away with abusive disputes and claims. The mere fact that a juror will always be there to handle things when something goes bad is in itself a welcome addition to dispute resolution as both parties will try to patch things up expeditiously before the professional jurors step in.

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How can this benefit small businesses?

        Small businesses are vulnerable to legal disputes as they don't have the protection that a corporation has in their possession like immunity from suit. The Kleros system is going to change all that as it allows to set certain safeguards to protect small business from too much exposure to unnecessary disputes as it has safety nets in place to handle harsh conditions.

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How can Kleros benefit large corporations who deal with many disputes (think eBay, Etsy, Amazon etc.)?

        Big corporations are creating their own legal departments or divisions in order to protect their bottomline. The Kleros system is a simple way of cutting corners as corporations will be able to enforce a panacea to small scale disputes and their legal department will be there to handle large scale litigation just in case the arbitration doesn't work in their favor.

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How does Kleros ensure fairness through its incentivization system?

        The only way to fully understand how the incentivization system in Kleros works is to first examine the prevailing and the dissenting opinion. We also have to properly enforce the idea of unanimity in decision making especially since the third party jurors will be involved the rest of the way. If minority of the jurors will always take a contrarian stance the system will automatically make a decision in order to enforce a unanimous decision in future arbitration proceedings. This is the best way to ensure fairness as it disincentivize a dissenting opinion which mitigates friction among jurors which will create doubt and instability as to the competence of arbiters themselves.

Kleros

https://steemit.com/crypto/@originalworks/940-steem-sponsored-writing-contest-kleros

https://twitter.com/mdominicorobin/status/1023586926266175488

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