KLEROS: A PLACE TO BY-PASS LAWYER'S BILL IN THE CAUSE OF FIGHTING FOR YOUR RIGHT.

in #writing6 years ago (edited)

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   Kleros is a decentralized application built on Ethereum to resolve dispute among people in an amicable way. Is Kleros a court? Yes it is. Kleros is an online court created to settle dispute between smart contractors. We are now in an era of smart contract, an era in which both big and small business organization engages themselves in smart contract with their workers. For instance, Mr Justin, the owner of a famous electrical store want to expand his store. He need a civil engineer who will help him to do the expansion by building an additional apartment to increase his store. On a fateful day, Mr Justin came across Engineer Peter when he was perusing online. Mr Peter agree to finish the extension with $1000 within three weeks and Mr Justin must pay $500 for the purchase of the material he will use and for the payment of his workers’ wages then Mr Justin will pay the remaining amount of money after Mr Peter complete the project . They start a smart contract with the above conditions properly documented and Mr Justin paid Mr Peter a sum of $500 as agreed. What if Mr Peter refuse to deliver the contract as promised? Should Mr Justin begin to look for another $200 to hire a lawyer in other to sue him to court? Even if he get the money, when will the court attend to his case and gets things resolved. That is why Kleros came on board to help solve disputes in contract.

HOW IS Kleros ABLE TO SETTLE DISPUTE?
   Like what I made mention of earlier, Kleros is a decentralized court. It is a decentralized court in the sense that, Kleros uses minimum of three jurors unlike a court that only one juror decide who win the case. Kleros is able to solve disputes even better than a court as follows:
When a case is brought to Kleros to resolve by her client, she receives the case and the recorded document of the case brought to her. Kleros will then contact the amount of jurors stated by her client randomly from over 3000 jurors in each sub-court from different location to evaluate the contract document and send their various result to Kleros before the third day. All the juries will evaluate the document, decide the winner and send their various result back to Kleros.
Assuming the client choose four juries, Jury 1 , Jury 2, jury 3 and jury 4 which send the following result:
Jury 1 = client A win the case
Jury 2 = client A win the case
Jury 3 = client B win the case
Jury 4 = client A win the case

From the result, client A win the case and for the jury with a bias result, he will lose token for choosing a wrong client as a winner.
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WHAT ARE THE ADVANTAGES OF Kleros A DECENTRALISED COURT OVER OTHER COURTS.
Bribe free: since Kleros operates with a decentralized system in which who the judges of a case may be remains a mystery to every client. Thus, unlike the existing courts in which the richest have the highest probability to win, Kleros makes sure the right person win the case.
Kleros saves money: Kleros is an online application that those not need huge amount of money to pay a lawyer before you sue who so ever want to cheat on you.
Kleros result is always fair: since there is no room for bribery in Kleros and more than two jurors work on a case differently, send their various result to Kleros and the winner will be decided from the jurors’ outcome.
Kleros saves time: instead of waiting for weeks before the courts attend to your case as a result of numerous cases they have to attend to. Since Kleros is a decentralized dispute settling platform, kleros can attend to over 100 cases at the same time and announce the winner of each case as fast as possible.
Kleros saves energy: unlike a court that you have to look for a layer to defend you, and make yourself available on the judgment day. As for Kleros, their client will be at their various home while Kleros take charge of the case.

IN WHICH AREA IS KLEROS USEFUL?
Kleros is useful for negotiation. It is very useful when two parties want to have deal over a particular work in other to ensure the contract goes as planned by the two parties and if not, a jury of experts will analyze the evidence, vote and find the verdict.
• Multiple funding: in a case whereby large amount of people is to be funded on blockchain. Kleros is useful in other to make sure any fund that does not get to the receiver is refund back to the sender.
• E-commerce: we are now in an era where virtually everything can be bought online. But if what you order for did not meet-up with the standard specified by the seller before purchase, Kleros will stand in place for the buyer and make sure the seller refund the buyer’s fund.
In summary, every online based transaction dispute can be control and resolve by Kleros. Thus, Kleros is useful in every online transactions of any currency and ensures that there is no more loose of any kind on blockchain. All you have to do is to make Kleros as the adjudication protocol
Of your smart contract.

For more information about Kleros visit the websites below:
Kleros Website
Kleros WhitePaper
Kleros Medium
Kleros YouTube
Kleros Telegram
Kleros Twitter
Kleros Github
Kleros Forums
KLEROS2018
KLEROSTWITTER
twitter link
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Interesting experiment.

I'm all for disrupting the current plethora of corrupt institutions around the globe.

And it will be a better life for everyone when obsolete artifacts like institutionalized legal systems are allowed to wither away.

Namaste, JaiChai

I interviewed one of the founders of Kleros once. This is one of the most interesting uses of smart contracts I've encountered. Very interesting indeed.

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