The cryptocurrency technology continues to invade the world where we live, more and more tasks are available to solve the blochchain in favor of a decentralized culture. It seems that the utility does not find limits, now for this section we will talk about a platform that has taken the initiative to resolve disputes generated in commercial activities through the web.

For nobody is a secret that the digital activity largely dominates the economic, social, communication, market and endless spaces, this undoubtedly increases the likelihood that in many transactions there are available for breaches of agreements or discontents for jobs and business bad facts. The need for optimal arbitration for the solution of these problems is evident.

what is kleros?

Kleros is presented as a justice protocol for the internet, based on collective intelligence and making use of the blockchain. To understand the philosophy of kleros we have to go back to the times of ancient Athens and the ingenious judicial system they possessed, the jury for the trials were made up of ordinary citizens chosen by a rather ingenious selective process. The kleroterion a machine to randomly choose the juries that and the pinakion the identity plates to opt for the draw are the tools of this system.

Similar to the aforementioned Kleros has a jury selection mechanism to arbitrate with fairness and fairness the disputes, how do you achieve it?, the process consists of the following stages:

Contracts

For Kleros to be an intermediary of justice, it is clear that the parties involved must accept an intelligent contract where their participation is specified in the event of a dispute, in the same document it will be located in which sub-court the arbitration will take place, everything depends on clear Of the type agreement that are executed between the parties, they may very well be electronic commerce, finance or insurance.

It is clear then that the system of Kleros is classified by sub-courts and in them each one has a fee that depends on the complexity of the disputes, this is to cover the necessary expenses of the jurors, that being said, what is really important is that there is money to open the trial, regardless of how the parties are spending, the following cases may be presented.

case 1: The parties to the disputes place the costs of the trial on an equal footing, but when the result is in favor of one or the other, the money placed at the beginning is reimbursed.

case 2: Both parties place the exact money equally to cover the trial, but no matter who wins none will be refunded.

Selection of jury

"The users have economic incentives to act as jurors in Kleros upon receiving the arbitration fees corresponding to this task "

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As in the old Athens, Kleros created a tokens Pinakion with which they could participate in the selection draw, besides considering the necessary skills of the dispute, that is, having knowledge of the area in question, added to this Pinakion also represents an incentive to judge and give verdicts consistently, otherwise they will lose tokens that will pass into the hands of honest referees.

Analysis and voting

The selected jurors have access to the evidence to make the analysis and its corresponding verdict, for simple disputes the system proposes options of results, obviously they vary depending on the dispute, but the jurors are in the duty to vote for what they consider correct and also justify its result.

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Redistribution of tokens

The redistribution of tokens is based on the consistency of their results, in case you do not mention it when the jurors are drawn they make a deposit, which is frozen during the trial process, the dispute is over the tokens are released and distributed following the "logic of the focal point or Schelling Point" which manifests a coordination of behavior when the agents are in the absence of communication or are unknown.

In this way, although there is no direct connection between the juries, all of them analyze the same data separately, and if everyone has the same level of training in the case, it is very likely that they will reach a consensus, otherwise they will not agree with the same. the focal point, perhaps because he was not qualified for the task or simply did not have a willingness to vote judiciously.

The incentives of the judges are given by the fees of their services and the Pinakions that can be earned by doing honest work, so there is very little room for them to act dishonestly.

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Discussions and summary

With a system capable of encouraging people to solve disputes in which their capacity can be useful and with the added benefit of honest work, online interaction with kleros can be a great advantage for people and companies that previously did not have the possibility of claiming badly executed electronic business, the application of intelligent contracts offers greater security in the agreements that can be made through the internet, this same advantage can bring more applications referring to works via web, because with an online court as a body of justice you can have more confidence when making contracts

The icosahedron that represents the logo of kleros, expresses the combination of the old and efficient ideas with the technological innovation that governs today in almost all aspects of our social life, genius and experience are the characteristics of a decentralized judicial system, synthesized in a immense ecosystem of connections and available to resolve disputes of any particularity, it is totally surprising to have the possibility of interacting with strangers, trying to resolve their disputes and benefit from it.