Today, when many businesses do the web, there are many circumstances that could generate conflicts and unhealthy consequences for many. Sometimes I have thought about making a purchase, but the instability that exists, or could be the little guarantee in the system, leads me to simply not make any negotiation and expose myself to losses.
But imagine if I have seen how people have made deals, on the net and outside of it and have been involved in scams, and in many cases there are no alternatives to generate a solution because they do not have the financial resources or papers that support such negotiation for which, the affected only remains in his loss and with it the businesses lose the investor more than he leaves dissatisfied. While the con man gains more strength for his next victim.
Imagine these cases of multiple purchases that exist in Amazon, although there is a reputation there are fortuitous cases for someone to be affected, but how could we take a case with such a recognized company unless we talk about millions, and if it is not so . We would simply lose, in turn, a company like Amazon should have a system where they can even guarantee their own reputation and not be the victim of a bad customer who decides to take a simple purchase to a controversial case distorting the results.
Yes, many of us have thought and seen on television, on the internet or have read in the press multiple millionaire scams, while others that are still scams, are left in the dark not to mention millions but amounts a little lower. But as a problem, there is always a solution in process. Today, I come to talk about one, his name is Kleros
What is Kleros?
Kleros is a decentralized application built on top of Ethereum that works as a decentralized third party to arbitrate disputes in every kind of contract, from very simple to highly complex ones. It relies on game theoretic incentives to have jurors rule cases correctly. The result is a dispute resolution system that renders ultimate judgments in a fast, inexpensive, reliable and decentralized way Kleros WhitePaper
SchellingCoin mechanism
Inspired by the ShellingCoin system, Kleros generates the basis to operate his system, creating a base of sincerity that will be rewarded and thus generate correct participation to obtain members with quality and honesty that allow arbitration to be as sincere and honest as possible. .
Fundamental bases of Kleros, his project
Arbitrated Contracts
Kleros offers the possibility of choosing a jury and court trained in the subject that is disputable, as well as when we decided to find a lawyer we turned to the professional in the subject, Kleros provides the option to choose specific members and experts on the subject, to guarantee if necessary, that the decisions are as fair as possible.* Options for jurors
They will provide options before making decisions, so that the juries have a guide to possible solutions and the one that obtains the most will be convenient.
- Privacy
The contracts have the necessary privacy, to keep discreet decision making, the communication can be carried between the interested parties and the juries without further publicity or exposure.
Drawing Jurors
- System token: the pinakion
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His PNK token has a story behind and goes back to Athena when the pinakion was used as a plaque used by the participants as jurors in the trials, in this case Kleros will use it to reward and maintain a clean system, where the jury has possibilities to be chosen based on your investment through PNK, to larger deposits, greater possibilities within the ecosystem and your choice.
In turn PNK is the incentive to vote, so when a jury is honest, and enters the majority in a decision will be rewarded, on the contrary if your vote has been wrong will lose part of their PNK. this will be used to filter those that have the quality of a professional, since if as a jury you make the right decisions, you can reach better positions and rewards, but if your decisions are wrong, there is a greater chance that you will fail and your performance is not as expected, nor the one that Kleros wishes, since it is in the search for qualified people, for correct decision making and that results in benefits for users.
- Random number generation
This system allows you to create random numbers and processes that are not allowed in parallel, in order to make the system fair, and not be vulnerable to a subject who wants to cheat the system and take a scam out, being part of the jury, and the plaintiff in turn. Causing the victim to lose. For this purpose, the selection of the jury consists of a random, non-replicable system that can not be violated.
- Votes
This part has been established in the best possible way, through a private space, the jury should not disclose their vote before ending the vote, this could contaminate the process causing others without greater correspondence to replicate this action, and not be faithful to justify but lack of skills. That jury that decides to do so may be expelled, and by ender will not qualify in the reward process. The vote will be made after analyzing evidence for an accurate decision.
- Arbitration fees
to guarantee decent disputes Kleros has the deposit options on both sides, and at the end of the winning party receives its deposited part, while the loser, in addition, loses this inverted part, since there may be bad intentions when opening an arbitration with ill-intentioned ends. In the same way the juries are compromised when voting, since you would obtain gains for their sincere answers, but they would lose their deposits for decisions not accepted as the correct thing.
- Appeals
As in any trial, here there is the possibility of appealing, and in this would be obtained double jury, and those involved in the first session would not charge for their services, but if they would be committed to their deposits, so this leads that when there is a decision, there is justification of their votes, so that there is no room for doubt and in this way both parties are satisfied about the decisions made, this would reduce exponentially the possibilities of requesting an appeal, something that could not benefit to the jury mainly.
- Incentive system
As previously mentioned, this system is a strong one to guarantee honesty and governance in a clear, precise and correct manner. When a subject performs an action and it is rewarded, the chances of it repeating increase and Kleros has had it clear from the beginning with the system implemented. Honest jury with good decisions will make a profit, while incorrect, or dishonest, decisions can cost you your capital. In this way Kleros guarantees a transparent system in which all parties involved in a dispute proceed honestly and clearly. Through the following image observe how the system works.
- Corte Arborescente
Within Kleros there is a system that maintains order and for that the possibility of choosing where they are more familiar and therefore could do a better job, making more accurate decisions.
- Governance Mechanism
Card holders have the option of voting or delegating their power to another, so that they execute a vote in an automated manner, transferring the power and thus their ability to vote. Look
Conclusion
Kleros is the tool that was needed, we can not be in a blockchain with millions of money, doing business but if the possibility of options to support these businesses, to avoid scams, and take care of any loss Kleros offers us options, economists, transaparentes and effective where there are people trained to carry out actions that allow us to have a balance between our negotiations and the capital that is obtained, it is a good initiative and encouraging the honesty of the jurors is a very favorable point, given that if We reward honesty and failures are paid, they could have a clean and fair system. If you want to know more about Kleros you can follow them in their social networks and learn more about the project
- Kleros Website
- Kleros WhitePaper
- Kleros Medium
- Kleros YouTube
- Kleros Telegram
- Kleros Twitter
- Kleros Github
- Kleros Forums
This entry is part of the Sponsored Writing Contest: Kleros organized by @originalworks
all the images have been captured from Kleros WhitePaper and Kleros Website
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