INTRODUCTION

As it is with new technologies and innovations, there will always be parts of the system or industry that will need to be improved upon.
Most cases on the blockchain cannot be deliberated upon in traditional courts, and it's important that measures to resolve conflicts peacefully are put in place.

Kleros is a decentralized application on the ethereum blockchain that strives to bring fairness and justice to the blockchain. It's fast, efficient, transparent and secure.

What is Kleros ?

Naturally, disputes are bound to happen during interactions and this disputes can be resolved either amicably or the other way around which is dreadful and painstaking for both parties involved. The process of resolving this disputes can be termed as dispute resolution .

Kleros, which is a dispute resolution platform uses decentralized services to adjudicate and connect disputing parties to experts in the field in a fast, secure and affordable way.

How Kleros Works

When the parties are creating a contract, the contract should be detailed with Kleros integration and select the following
1.Number of jurors
2.Category of contract (sub court)
3.Outcomes
By selecting this, they can rest easy knowing that should a dispute arise, it will be dealt with by the appointed jurors.

HOW THE ADVENT OF KLEROS WILL BENEFIT LARGE COMPANIES

Kleros , which is a decentralized dispute resolution platform will benefit large companies such as Amazon and eBay in resolving disputes better than the non-decentralized way. Let me use a case to explain this.
When ordering items from ''Amazon'' which is an internet retailer, most times it doesn't get to my destination on the specified date which it is needed and even sometimes I dont get my package . The money i will use to sue them to get my cash back will be so much that it is better to accept it that way, with this issues i lost confidence in Amazons. Amazons can make use of Kleros in order platform to boost customer confidience due to the smart contract system adopted on Kleros and the security that comes with such modes of transaction. With this, they get increased number of customer and increase their net profit.

Kleros A Justice Protocol for Blockchain

Currently, a large part of the world's population does business with people from different countries thanks to the internet. The world is experiencing an increasing number of online transactions. If the blockchain promise becomes a reality, the disputes will undoubtedly arise because the goods, labor and capital could be allocated through decentralized global platforms. "The vision of Kleros is to build a decentralized network of juries to adjudicate disputes in different industries, thus becoming a fundamental part of the infrastructure of the next generation of the Internet." Kleros is a voluntary system. To be able to use it, the contract between the parties must have a clause that clearly indicates that, in case of dispute, it will be awarded in Kleros.

"Kleros is a decision protocol for a multipurpose court system able to solve every kind of dispute". However, although Kleros is able to adjudicate a wide range of cases. Some will start working immediately in the near future but others will only be viable in the long term. Among the disputes that could be mentioned are the following: disputes with independent works (disputes with the development of some software), social media (problems of harassment, invasion of privacy and false information), intellectual property (claims related to infractions to copyrights) online games (online cheating players), among others. Kleros will also include arbitration of small claims such as credit card fraud, consumer claims and housing rents.

Enter The Real World Kleros

The usual subjective view of every single human being of what fairness should be defined is the primary source of dispute and strife. Nobody has the objective mindset in weighing and scaling fairness as it requires impartiality to be rendered judiciously. If you are a party in a chaos filled dispute nobody will try to give in as both parties will try to dominate each other in order to get the best piece of the pie. The dispute protocols should remain impartial but sourcing professional arbitrator is the problem area. We have decentralized technology in place to enforce impartiality but the way to incentivize the job as arbiters is another problem area so this is where Kleros will come in to save another typical day of dispute resolution as it attempts to professionalize quasi-judicial settlements with the most effective anti-corruption component in form of tokens.

A VIABLE SOLUTION

Kleros focuses on principles derived from the SchellingCoin which forces users to be honest, due to the fact that they could lose tokens or be financially rewarded, based on the outcome of the case they have voted upon.

ARBITRATED CONTRACTS

To make use of Kleros, users have to opt-in. Users will then select the appropriate subcourt, and state the number of jurors they want for the case.
As the ecosystem grows, more subcourts will be added.

Options for jurors

The contract will ensure a number of options are available for jurors to vote upon.
Options can be "Return funds to Mr. A, the project owner"
"Split funds 50/50" and
"Give Mr B, an extra two weeks to effect changes".

Privacy

In order for other jurors not to be influenced by the voting of those that have submitted before them, the results are not made visible on the blockchain at this point.
The creator of the contract is able to send hash (contract text, option list,salt) to everyone, with the aid of asymmetric encryption.
Here, contract text refers to plain text of the contract.
Option list refers to the options available to jurors to select as the decision to go with.
Salt refers to a randomly generated number, to avoid the use of rainbow tables.

More information.
https://kleros.io/

kleros2018

Kleos - the next decentralized platform created for settling individual disputes