What is Kleros and how will the way people and companies handle disputes change?
Kleros is a dispute resolution platform. It is a protocol of adjudication of disputes based on collective intelligence and the blockchain. It has a network of specialized juries in various categories that are available to resolve disputes. It is an innovative opportunity for individuals and small and large companies to handle disputes from simple to complex without going through the laborious and costly process of the courts. It will provide everyone with an arbitration service that does not currently exist.
What are some types of disputes that can be resolved through Kleros and what are some good use cases?
Kleros is designed to handle any type of disputes. In the near future, it will begin with simple disputes and in a longer period of time with complex disputes. Disputes can be with common fraud problems, also disputes with some independent works such as programming or design services, collective financing, disputes with social interactions that occur online that can cause serious reputational and monetary losses, as well as psychological damages, also disputes with intellectual properties, online games ... It can also be applied in: escrow, micro tasking, insurance, oracle, curated lists, etc.
Among the cases that we could mention, it could be that one band claims that another violates their copyright. Kleros could offer a transparent solution by making a decision through his jury team. Another case can be presented with online games, where you want to detect and punish cheating players with sanctions ranging from a warning to expulsion. The development of a system for detecting and punishing online cheating players is another key application of Kleros. Among many other cases.
How can Kleros help reduce the costs associated with resolving disputes?
Kleros can solve cases online with an automatic, fast and transparent process. Which would mean being able to save time and money by avoiding taking a case to court.
How can this benefit small businesses?
Avoiding taking a dispute to court and being able to resolve it online would benefit small businesses not to be swindled and protect their assets by resolving any type of disputes through contracts with Kleros. This is important for these companies that start investing their assets for their growing small businesses.
How can Kleros benefit large corporations that handle many disputes (think eBay, Etsy, Amazon, etc.)?
Kleros also offers case resolution to large companies that handle a large number of disputes such as online shopping and shipping companies. Offering an automatic and fast service. In this way, users and owners of these companies can establish their agreements through contracts with Kleros.
How does Kleros guarantee equity through its incentive system?
"Jurors rule disputes in order to collect arbitration fees. They are incentivized to rule honestly because, after a dispute is over, jurors whose vote is not coherent with the group will lose some tokens which will be given to coherent jurors".
In this way, the juries are encouraged to do a good job and to give the correct verdict. This guarantees fairness and honesty for both parties, avoiding possible bribes.
