@ORIGINALWORKS HELDS SPONSORED WRITING CONTEST : KLEROS
What is Kleros?
Kleros is Decentralised Application built on Etherium platform works as The Blockchain Dispute Resolution layer.
Kleros is a network of juries specialized in various categories that are available to resolve disputes virtually in everything.
Disputes in the global, digital, and decentralized economy occur in areas where they cannot be solved by state courts and existing dispute resolution methods and in some of the cases where money involved is too small both parties plan not to visit any court of jury and in these cases Kleros provides a solution built on decentralised Etherium platform and they have jurours expertise in virtually all fields. They crowdsourced jurors to adjudicate disputes in a fast, secure, and affordable manner. System is set up to keep checking and preventing and corruption.
In this case parties deposit money to Kleros system and Kleros release money as per contract where both parties are happy and in any case of dispute case goes to jurours who decide and accordingly money released. So both parties are happy and knowing their money and work both are safe and true judgement will be made in case of even smallest of disputes.
Simple example:
A ordered B to prepare a project X and deposit Y amount of total settled money to Kleros to be released in stages as per contract.
Till both parties are happy with work money will be released as per contract by Kleros to B and in case of smallest of disputes case will go to jurours and as per result money will be released deducting arbitration fees.
Very well explained in video format by Kleros Kleros You tube
Big question is weather this system is reliable, for that introduce PINAKION token. how does that work?.PNK provides jurors an incentive to vote honestly. Users trying to game the system will lose money.Pinakion protects the system from sybil attacks, while also providing jurors an incentive to vote honestly.
Bribe and attack resistant whilst offering user privacy through intelligent design. Kleros have a dedicated team conducting cryptoeconomic experiments to ensure the safety of our protocol.
More information and resources available below
Kleros website
Kleros whitepaper
Kleros YouTube](https://www.youtube.com/channel/UCEjwygFVVrSXhPNEKfweypA)
Link to original contest post : https://steemit.com/crypto/@originalworks/940-steem-sponsored-writing-contest-kleros
Kleros2018
https://twitter.com/goel_9/status/1031089570094428160
Klerostwitter
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