Kleros
KLEROS BLOCKCHAIN FOR RESOLATION
A blockchain dispute resolation layer that provides fast, secure and affordable arbitiation for virtually everything, And this blockchain connects users who's need to solve disputes with jurors who have the skills to fairly settle them.
This kleros resolation layer uses blockchain technology and crowdsourced jurors to adjudicate disputes in a fast and affordable arbitiation for virtually everything.
The incentivization system of kleros ensure that while dispute resolution cost are likely affordable, the jurors are properly compensated to continue doing good. It also have an incentive system (jurors rule dispute in other to collect arbitiation funds. They are incentivized to rule honestly because, after a dispute is over, jurors whose is not coherent with the group will lose some tokens which will be given to coherent jurors...
Like; Sam is a web designer. He has a small business, and depends on his income from doing web design work.
He recently secures a small client, Pots’n’Pans, who decide to hire him after viewing his portfolio. They agree on a set of payments to be made totaling $2000.
The first $500 is released at the start of the job, another $500 after the backend is complete, and the last $1000 upon the completion of the job.
They define a clear scope of work and what the client needs.
The client pays Sam the first $500 and off they go!
After a few weeks, when Sam completes the backend to spec, he contacts the client for his second payment. They let him know that they decided to change direction, and are not interested in continuing the development process.
What can Sam do?
Even with evidence of his interaction and their agreement with the client, realistically, there is not much to be done.
Going to small claims court or engaging in a lengthy dispute would cost more than to just accept it as a loss.
Had Sam secured their agreement via Kleros, there would’ve been a panel of judges that could’ve helped to settle this dispute. But without it, Sam is out $1500.
More information visit: www.kleros.io
https://steemit.com/crypto/@originalworks/940-steem-sponsored-writing-contest-kleros
kleros2018
https://mobile.twitter.com/WalterOgie/status/1032030681965240320
klerostwitter
This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!
Great post @walter2 good to see you made it to the @originalworks contest
Congratulations @walter2! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.
Congratulations @walter2! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @walter2! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!