INTRODUCTION
In the world we are today, technology has advanced to the extent that many innovative ideas and discoveries are prevalent which of course is what everyone desires. As a result of these ever increasing technological breakthroughs, there tend be some conflicting ideas in our perception about life. When two or more people don’t agree on a particular thing, dispute is inevitable in such a scenario and dispute can be an argument or disagreement or failure to agree. However, there is an arbitration system that is available to handle disputes. The system is called Kleros.
What Kleros really is
This is a blockchain stratum that resolves disputes by the provision of swift arbitration which not only secure but affordable. Kleros has a policy that decides for a multipurpose arbitration system as an effective way of resolving disputes of every kind. Kleros has quite a number of jurors that perform numerous functions in different categories. These jurors are on standby always for disputes resolution.
Kleros Effect on Individuals for Disputes Resolution
Kleros will greatly change the way individuals deal with disputes as everyone wants a fair treatment. This change will result in individuals living a transparent lifestyle . By default, woman beings are carefree and therefore needs an external force or drive for certain tasks to be performed or certain habit to be inculcated. The fact is that, frequently used part of the body belongs, e.g a right handed man can possibly develop his left hand if it is subjected to daily usage. In other words, if kleros is frequently made use of by individuals for dispute resolution, it may change the way individuals behave and react to issues.
Kleros Effect on Businesses for Disputes Resolution
The effect kleros has on business is enormous. It establishes trust and fairness among between business owners and clients. It gives them a sense of responsibility and ensures peaceful transactions. Imagine if clients are aware of the fact that an arbitration system is always available when needed for use, they will be more responsible and keep agreements. Doing this consistently will invariably make businesses grow.
Types of Disputes Kleros Can Resolve
Talking about issues or disputes resolution, there is practically no dispute that Kleros can not resolve. Since it is based on blockchain approach, kleros has the ability and capacity to effectively handle disputes in a fast a secure way.
PROJECT DESCRIPTION:
Arbitrated Contract
Kleros can be defined as an opt-in court system whereby Smart Contracts will design or make Kleros as just as arbitrators. This happens in such a wag that users are meant to participate by deciding or selecting the number of judges and courts that will decide their contract. In a case like this, Kleros will then be chosen to mediate.
Use of case
A circuit designer will select a court for circuit design, and insurance from the contract will then choose a special court to handle it. The below picture shows how users chose cases of arborescence in court. Kleros Team then develops quite a number of good contracts using kleros as method for resolution of all disputes.
Resolution method Source
Applications of Kleros
Insurance
Escrow
Social media
Arbitration
Micro Tasking
Social networks
Conclusion:
It can be seen from the use case analysis above that KLEROS works effectively and efficiently. Small business undoubtedy benefit from KLEROS, because they have a system that can conveniently handle any disputes that may come up in their small transactions. Large organizations are not left out as wekl, as KLEROS can also effectively and efficiently manage all disputes that may come up at a low cost. Thus, everyone should try as much as possible to make KLEROS to be part of their business.
Kleros2018
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