Hello, guys:
Once again the great moment of the entrance of a world comes, let's remember that the "block chain" and the "intelligent contracts" are: The simplest definition in this respect is that these are contracts that have the capacity to be fulfilled automatically once the parties have agreed on the terms. Smart contracts, on the other hand, are software.
Among the advantages for both parties we can have: autonomy, security and trust. By using intelligent contracts it is no longer necessary to resort to a third party - as lawyers, they can have mistakes that in turn cause significant costs for the parties involved... The blockchain is capable of storing the information in an encrypted network that can be consulted from anywhere in the world, so speed and security are obvious. We also have:
- Payment automation.
- Registration and change of ownership.
- Energy transactions.
- Insurance.
- Automatic purchases.
They're written in virtual code. They are a type of software that is programmed, like any other software, to perform a particular task or series of tasks according to previously entered instructions. Their fulfilment is therefore not subject to interpretation by either party: if event A happens, then consequence B will be triggered automatically.
The Solution within your reach.
Kleros connects users who need to resolve their disputes and juries with the skills necessary to resolve them fairly. Our resolution protocol uses blockchain and jury technology in open and distributed collaboration to adjudicate each case quickly, securely and affordably.
How Kleros is going to work:
Through a smart contract: Users create a smart contract and choose Kleros as the dispute resolution protocol, then the Dispute will come up, where
All relevant information is sent securely to Klero, to then form a Selection where the tribunal is formed from juries willing to collaborate. They evaluate the evidence and cast their vote, in order to meet their
Sentence.
Then? It turns out that for Bymor a client needs not only a manual design, but also a digital design and then a new manual design, it's time to put it into practice. My name is Andrea, my client is Mary. She explains to me through an email that she wants a headdress for her niece, inside the digital design she was completely in agreement and we started the intelligent contract, but.... at the moment of delivering the piece in a handy way the client is not happy. What do we do? The days went by and I spent long hours working on the work, no matter what time it is for Kleros to take action. How? They send a copy of their agreement, as well as before and after photos. Their contract states that there will be three juries specializing in renovations and their options are as follows:
A. Return the entire sum to bymor
B. Pay the full amount to the contractor
C. 50/50 split
The verdict will be announced in three days, and the five members of the jury will choose option "A".
If you have any questions about this you can log in to:
- Kleros Website
- Kleros WhitePaper
- Kleros Medium
- Kleros YouTube
- Kleros Telegram
- Kleros Twitter
- Kleros Github
- Kleros Forums
Would you like to write about Kleros? Come in here
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