Do you have disputes that you want to settle but you have no time and money to spare?
Kleros is a dispute-resolution platform designed to function as an online court. Both parties can set the number of jurors (like judges) who would choose the best set of outcomes based on the information and Contract Category.
Kleros is one of the first to set a standard protocol online to resolve a dispute.
Kleros works like this:
Kleros uses a jury system court in which Jurors would pick the best possible outcome they think of. By using a majority rule, the most picked outcome by the jurors will be considered the resolution of the dispute.
The jurors would receive PNK tokens and Etherium for each successful cases they did. Jurors would still receive Etherium but would lose PNK tokens for bad decisions. The Etherium will be coming from the party who wanted to settle the dispute which will be divided on the number of jurors decided. The token will be provided by the platform.
These tokens would serve as the juror's reputation since they would likely have less tokens if they consecutively chose wrong or bad outcomes. The platform awards these jurors by having more disputes to settle based on their number of tokens. The more tokens they have, the more they will be qualified for better disputes.
This is an entry for @originalworks sponsored contest.
All photos are from and owned by Kleros.
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