Kleros - The Solution For Your Dispute

selina2 (50)in #crypto • 6 years ago (edited)

What is Kleros?

Is a opt-in dispute resolution platform. Kleros is a network of jurors specializing in various categories who are available to settle disputes.By utilizing smart contracts, Kleros can escrow any funds in question until a resolution is put forth by the selected jurors.

It is possible to contemplate a project and establish an agreement by both parties, the right to vote on who or how a conflict is correct that can refer to this issue if any can be edited and each right improves the help, Con Kleros With Kleros, both parties can be protected in the case that a contract is breached.

Kleros a Protocol of Multipurpose Justice Although in this article the example of a development dispute is used, Kleros is able to adjudicate a wide range of cases. Some will start working in the immediate future. Others will only be viable in a longer period.

How Does Kleros Work?

Freelancing websites often have poor resolution protocols that lead to an unfair assessment by an unqualified individual. In some cases, there is simply no resolution protocol at all, leaving one of the parties with a complete loss.

Users could choose to delegate their vote in some subcourts but not in others. Note that delegates do not need to be humans. They can be smart contract implementing arbitrarily complex voting rules for example voting on updating fees based on market data.

Set policies Policies are guidelines about how to arbitrate disputes. They are the equivalent of the laws in traditional justice systems. They determine which party should win a dispute when particular conditions are met. They can be specific to a particular subcourt.
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Costs

Currently our society and system does not allow it to be profitable to bring to court disputes for losses of less than one million dollars.
But, What is below that amount does not represent enough money to be fought?

Yes, but when you figure out what your lawyer is going to cost and the time of wear you end up deducing that it's not worth spending more than you're going to earn.
KLEROS has the perfect solution, since it can help you solve your disputes for a very low price.
It is important to note that KLEROS has an incentive system that ensures that, even if the win is low, the juries will also receive a compensation so that they continue doing their wonderful work. In this way, KLEROS, would be guaranteeing the fairness of profits. In addition, the Pinakion token (PNK) is the one that will serve as an incentive for juries to vote honestly, this token being a great shield in case of attacks so users who try to cheat with PNK will go very badly of the situation.

Application

Kleros is a general, multipurpose system which can be used in a large number of situations.

• Escrow : To pay for an off-chain good or service, the funds can be put in a smart contract. After receiving the good or service, the buyer can unlock the funds to the seller. In case of dispute, Kleros can be used to have the smart contract either reimburse the buyer or pay the seller.

• Micro tasking: In case multiple taskers stay on their position, a dispute resolution process would ensue and the losing taskers would have part of their security deposit transferred to the winning ones.

• Insurance : In case the security deposit is linked to multiple insurees claiming more than the deposit, a dispute resolution process would also be needed to determine how those funds should be split between insurees.

• Oracle : If there are multiple answers, a dispute resolution procedure ensues. The Oracle returns the answer given by the dispute resolution process and parties who put wrong answers lose their deposits which are given to honest submitters.

• Curated lists: If the item is considered belonging to the list, it is added and the submitter gets the deposits of the contesting parties. Otherwise, the deposit of the submitter is given to the contesting parties.

• Social networks: If the violation is not contested or confirmed by Kleros various effects can be implemented: the content can be removed, the content poster can lose a sign-up deposit and the reach of his other posts can be lowered.

Use cases

No case is rarely like another, but they do have several similarities to each other. Here I am going to show you some examples of disputes that KLEROS can solve:

Sophia is an interior designer who works freelance in the network, and an important company contacts her because of her great works.
In the mails to terminate the interests of the company also express the form of payment that will be comprised in three parts, obtaining as initial profit $ 600, when you deliver half of your work you will get $ 800 and in the end, they express that they will pay $ 1200.
This seems wonderful to Sophia and he begins to do his job, for which he gets the first $ 600, but with the passing of time and the end of the project the company decides that he was only going to pay that $ 600 and nothing else.
The saddest part of the case is that Sophia cannot do much, and even though he has evidence, taking this case to court would be much more expensive than assuming he lost $ 2000.
But if Sophia had been assisted by KLEROS and its jury panel, the result would have been different.
The VIT computer company decides to install a new office in London due to its great worldwide expansion, so when finding the perfect location for them they decide that it is time to put it together and they hire a specialized contractor.
From the beginning VIT oversees leaving the clear points to the contractor explaining his requirements and specifications and above all he asks how long the work was going to be ready.
The contractor assures you that everything will be ready in a month. But VIT decides to insure everything and hires KLEROS so that they can generate an intelligent contract that protects them against any eventuality and that forces the contractor to comply with what has been said.
The contractor only appeared 3 times in three weeks just to measure some walls and mount some lights. Seeing this VIT talks to the contractor, so he tells her that the work will be delayed for a month, if not three.
At that point, VIT begins the dispute with the help of KLEROS in a very easy way, just send them the copy of the agreement and the before and after photos. In this way and adhering to the fact that his contract says that there would be five juries specialized in the subject, the verdict will return in the lapse of three days, giving thus that the contractor should return the total amount paid by VIT.

Large Corporations and the Deputations

The resolution system that KLEROS handles is adaptable to any company, be it large, medium or small. But if we put as an example to large companies like AMAZON and following the mechanism of resolution that KLEROS follows, it is conformed by:
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Making a contract
The involved parties select the integration
a. Juries (Number of them)
b. Type of contract (Category and subcategory)
c. Results
When determining these simple steps both parties can rest assured that if for some reason a dispute begins will be treated by people who know the subject, the juries will receive the possible results to choose where the options were chosen by both parties in advance.
This would save Amazon many troubles and time that make him lose many times his telephone agents that are to which should go the person who has a problem.