Having a team of judges backing you up in any particular case is great, what about having a team of anonymous jurors, who have perfect knowledge of the subject matter presiding over your case? Now, that’s interesting....

You may be tempted to think “well..it depends”,basically it depends on many factors, one of them being that you have to be fair, and allow the rules to check out your prepositions.
Kleros has created a platform where anyone can become part of the justice process, by being a juror on any case as long as:

They have good knowledge of the subject mater,
They stake in their pinakion for the complex randomized picking process and
Are able to deliver judgement incoherently based on facts presented to the table.
This system of judiciary is exquisite as power will be dropped at the foot of the peole.

Kleros is an Ethereum based dispute resolution and arbitration platform, which enforces decentralization. Kleros allows people to judge the issues arising in any part of the society using simple factual evidences and proofs,and enforces honesty by using a game theory technology.

The beneficial effects of Kleros is enormous as it affects everyone from all walks of life, small, big , individuals, financial institutions,businesses and firms, religious institutes etc

Kleros will not just affect the way people settle disputes, but will revolutionize it in the sense that people will have a well established protocol for handling disputes , exclusively decentralized and has the ability to rule base on real facts and evidences as shown in contracts.

What this means is that because of Kleros, the people of this world will have access to quick, secure, scalable and efficient dispute resolution system, where cases that would normally take a long time to settle using the traditional system , would take little or no time to achieve and would render better judgement than what we experience in the world today.

Small businesses utilizing Kleros platform would receive awesome benefits including:

Reduced cost of operations
Better chances of survival in the industry
Effective use of capitals and investments
Innovative opportunities
Increased yearly gross profits etc

Large corporations having plethora of cases to handle on daily basis would have Kleros to thank for the fast and effective dispute resolution systems put in place as they will no longer be needing to spend millions of dollars on a particular case lasting for a very long time.

THE TOKEN ECONOMY

Kleros Platform utilizes the Pinakion, An ERC-20 token, to ensure fairness in the system, this token is utilized for major activities in the platform including:
As arbitration fees
For juror selection process
As juror’s payments
For appeal issues
Etc

The pinakion was utilized by ancient Greece to pick jurors for any particular case, it ensures fairness of judgement for the parties concerned. The same system has been introduced by Kleros team incorporating Crowdsourcing technology, blockchain technology and Game theory technology to build a decentralized judgement system