PROBLEM

Today you can see the growth of technology at digital level, and that is why there is a lot of business and merchants involved with the cryptocurrency market and these are handled through electronic commerce with digital contracts, where those involved are usually at long distances.

Often this type of negotiations present some disagreements that generate disputes, and it is of great difficulty the resolution of these since it can take a lot of time and money to reach a just solution. In many cases there is a great loss of money for not being able to solve these disputes that arise.

When discussing e-commerce disputes it is important to note that these occur in areas where they can not be resolved by state courts and existing dispute resolution methods. At present there is no system that can resolve disputes at the digital level and not being able to resolve a digital dispute is one of the drawbacks that cause a delay to the best development of the cryptocurrency market in these times. It is of great importance that there is a system that helps companies and traders who often market through the cryptocurrency market, to make contracts that may have good agreements and in case there is a dispute, the best solution can be reached that benefits both parties.

It is because of all this problems that a response to the need to have someone to turn to when there is a dispute in a negotiation arises, the blockchain technology has a solution, a reliable system that offers the resolution of disputes with expert juries in each case in a fair manner. , KLEROS resolves disputes quickly, safely and affordably.

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WHAT IS KLEROS?

KLEROS is a decentralized application built on Ethereum that functions as a third decentralized system to arbitrate disputes in all types of contracts, from very simple to highly complex ones. It is based on the theoretical incentives of the games so that the jurors direct the cases correctly. The result is a dispute resolution system that makes final judgments quickly, economically, reliably and
decentralized form.

KLEROS is an optional judicial system. Smart contracts have to design a KLEROS as their arbitrator. When they choose to participate, the contract creators choose how many members of the jury and which court will decide their contract in the event of a dispute. The idea is that they will choose a type of specialized court on the subject of the contract. A software development contract will choose a software development court, insurance will select an insurance court, etc.
The KLEROS team is developing a series of standard contracts using KLEROS as a dispute resolution mechanism.

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With KLEROS all companies and merchants of the cryptocurrency market will increase the confidence to negotiate, this will expand the development and growth of the world of cryptocurrencies worldwide.

KLEROS can resolve any type of digital disputes that involve any contract in the cryptocurrency market, since it is an autonomous organization that functions as a decentralized third party to arbitrate. For example, to pay for a good or service outside the chain, because through Kleros an intelligent contract will be prepared that reimburses the buyer or pays the seller.

KLEROS helps reduce costs when resolving a dispute because when going to the state courts a large investment is generated both in money and time, in addition to the possibility of cases of bribes However at the time of making a contract through Kleros the dispute can be resolved in the fastest and least expensive way since this system offers the service at the time of its preparation. Benefiting both small and large companies.

KLEROS guarantees a reliable service since its system has an incentive method for those arbitrators who participate in the disputes avoiding corruption, bribes, etc.

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STEPS OF THE OPERATION OF THE KLEROS SYSTEM

KLEROS has a work method that is developed in four steps that makes this system reliable.

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USE CASES FOR KLEROS

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BENEFITS OF KLEROS

KLEROS offers several benefits of which some will be named:

Economy

At the moment of elaborating a negotiation through the intelligent contracts of KLEROS it is acquiring the guaranteed and immediate services of a possible dispute without needing to invest more money to solve it and arrive at a agreement without having to go to court.

Speed

KLEROS by detecting any dispute automatically puts your system in operation to address the problem so that those involved do not waste their time and can reach an agreement quickly and satisfactorily.

Justice

It is often observed that in some conflict that reaches government entities can be somewhat annoying as it is possible that there is bribery giving an unfair ruling, however this case does not occur with the system of KLEROS, since the parties involved and the arbitrators do not have personal information from any of the parties, so the decisions made are made in an honest and fair manner.

Security

The decentralized system of KLEROS offers a secure system that can be trusted because it enforces the laws in a safe and reliable manner.

TOKEN OF KLEROS

The token of this system is the PINAKION (PNK), this stands out for having two important functions and one is to protect the system from the scam and the second one gives the juries the incentive to vote honestly by making the juries that vote In a wrong way they are part of their deposit to those who make coherent and honest votes.

The PINAKION (PNK) is very useful for this system because it is used for the selection of juries for disputes that arise and the way is that, those arbitrators who wish to participate in the disputes that enter the system must make deposits of this token to be selected to resolve disputes, that is, the more token deposited increases the possibility of being elected.

This token will also be used as an incentive for those judges who participate in the disputes.

Example of token distribution:

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PARTNERS OF KLEROS

KLEROS has some partners who support this project and will be the first to adopt this decentralized service.

PUBLICATIONS ABOUT KLEROS

Below are some publications that deal with the subject of KLEROS to obtain more knowledge regarding its uses and operations.

TEAM AND ADVISORS OF KLEROS

KLEROS is formed by a team of responsible experts in the field who give life to this project, making it comply with the requirements required by investors offering an application with an excellent service.

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CONCLUSION

KLEROS is a decentralized system that offers the blockchain technology for the resolution of electronic negotiation conflicts in the cryptogram market, which offers a reliable, fast, economic and secure service.

Where merchants of small and large companies can deposit their confidence to conduct their digital negotiations because if there is any disagreement or dispute have a reliable system to reach a fair agreement, determined by honest arbiters and experts in the field in the which the dispute is reflected, without losing time and money for the resolution.

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If you want to know more about KLEROS you can access the following links:

Kleros Website
Kleros WhitePaper
Kleros Medium
Kleros YouTube
Kleros Telegram
Kleros Twitter
Kleros Github
Kleros Forums

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