Header Ads

Breaking News
recent
Home bitcoin blockchain cryptocurrency Kleros is a blockchain and crowdsourcing based protocol that provides fast

Kleros is a blockchain and crowdsourcing based protocol that provides fast

11:35 AM


Hello friends, on this good opportunity I will introduce a very good project called Kleros because Kleros is a general and multipurpose system and this is where you will need help from the Kleros platform. Because Kleros is an automatic and decentralized arbitration court, which includes all members of the jury to submit decisions regarding certain disputes. Therefore, let's refer to and study my article below....

What is Kleros?

Kleros is a blockchain and crowdsourcing based protocol that provides fast, safe and affordable arbitration for a variety of use cases.

Actually, the essence of the Kleros project is very simple, because it is a decentralized platform that aims to resolve disputes that arise within the scope of our people's lives. At the same time, the system itself acts as a decentralized and independent third party that allows the resolution of disputes between participants of certain intellectual contracts.

I'm sure you're a little surprised by what I'm saying. However, actually, smart contracts are created to comply with all conditions between the two parties. However, this smart contract is responsible for all aspects that lie within a decentralized network.

Probably more than half of the people faced with controversial issues and situations that if they could not solve on the spot directly with the other side, they had to go to the judicial authorities and this current traditional system is significantly outdated and its improvement has not progressed for several decades.

Judges are usually appointed by the state and not elected by the ordinary people, so that all this is in an objective direction, most of them take bribes and protect those users who pay, as a result of which the whole system suffers and the people every day less and less begin to apply to these bodies and can themselves apply any actions to solve problems, but this is not always the right approach.

The bureaucracy in this area is thriving and you can easily see this as now bloggers, journalists post thousands of videos about unfairly executed investigations, many mistakes and unfairly condemned people. This is a very important and relevant part of everyone's life.

клерос7.jpg

What is the Kleros Legal Entity?

Kleros was founded as Société Coopérative d'Intérêt Collectif (SCIC), a type of cooperative under French law. All revenue from sales of tokens will be saved as a non-shareable reserve. Funds can only be used for project development and cannot be distributed as dividends. To learn more about the Kleros legal entity, read this.

The Kleros platform team is developing a unique ecosystem and decentralized application based on the popular Ethereum blockchain, which will function as an arbitration to resolve disputes and situations among users using smart contracts of various levels and types of complexity.

This system eliminates the possibility of corruption, reducing the number of participants in the process, which will affect service costs, reliability and speed of completing the required tasks. Every automated trial process in terms of jury selection, providing evidence, and service will not depend on individual integrity, but is based on game-theoretic economic incentives.

On the platform can choose the type of court that most specializes in the case, then develop software, and insurance contracts. The team has made a large number of contract templates that will allow you to resolve disputes with confidence and correctly.

People who participate in the arbitration process are interested in an honest solution of this case and in economic terms, because they are rewarded for their active participation and correct work with digital PNK tokens, which are one of the main payment systems in this ecosystem. And the more tokens a user has, the more likely they are to be invited as jury members and pay for their work. This condition will motivate to be active and honest.

But what if the situation is outside of it? 


This is where you will need help from the Kleros platform. Since Kleros is an automated and decentralized arbitration court, which includes all members of the jury to deliver a verdict on a particular dispute.

I agree it sounds very interesting. However, in practice, it turns out to be a very interesting, fast and most importantly effective solution to the problems in this category. And to make it a little clear how it all works, let's look at a good example. 

Let's say your name is Alex and you live in Paris. You have your own small business and you would like to launch it online so that you have tens of times more potential customers. But you do not know how to create high-quality sites, so without much hesitation you decide to apply for such services on the freelancer exchange to Zoe, who is an excellent web designer and currently lives in Budapest. 


By entering into a smart contract with her, you have determined the terms of implementation of the work and the amount of payment for her work. But after a while, the website you sent did not meet your expectations. You are upset with how Zoe did her job, and she claims that the option she provided is exactly what you ordered.

This creates a dispute that can only be resolved by a third, independent expert who can objectively assess both sides and make an objective decision. And this is where Kleros comes to the rescue. Which automatically selects experts from the existing customer base to handle this dispute, due to all areas of its influence. 

What does it mean?! This means that Alex and Zoe's case will be handled by web design specialists and related professionals. In this case, three juries will be used to consider the case and pass sentence, each of which does not know about the existence of the other. Therefore, the decision made by each of them will be analyzed and implemented.

In practice, this will look easy enough. Let's say you are one of these specialists. You are going home on the bus, when suddenly a letter comes to your mail asking for a review of the case between Alex and Zoe. The email contains details of the dispute and claims of the parties. Against the background of which the agent or as it is also called the jury makes its independent decision.

At the same time, this kind of procedure is faster, better quality and cheaper than the current one in the world. Which gives Kleros special privileges. 


As for me, this is really an ideal system of arbitration, which in itself is devoid of any bureaucratic error, acting as a transparent, decentralized structure. Which I would expand to other court decisions in the future.

So we would certainly have achieved the most real justice for each of us in various areas of our life. But I am sure that this moment is just a matter of time, which sooner or later will happen in our lives. After all, the world does not stand still, everything moves and develops, and with it we grow and develop.

I hope you liked the idea and concept of the Kleros project. Therefore, I invite you to the next section of my article, where you can learn more about the official social resources of Kleros. Thank you for reading my article to the end. I hope it was useful for you. If this is the case, then support it with your like and comment. 

Official Kleros resources:


Author ( mbokgadungmelati )
ETH : 0xE8Ecf7302092Bb13fC7324e32Aa1FDB5464960AA
Tags :

No comments:

Subscribe to: Post Comments ( Atom )
Powered by Blogger.