Kleros – The Justice Protocol Explained

CCN Every so often a blockchain project that comes along that knocks your socks off and Kleros may be just the that one. Steeped in intellectual concepts, Kleros delivers a decentralised organisation that promises fast, affordable and transparent justice for all. Given that we live in a time were justice is perceived to the preserve of the rich, this platform may very well change the world. Let’s start with the name and philosophical origins. Kleros derives from the Greek. Jury duty was much sought after in Ancient Greece and moreover paid. Citizens wishing to be picked for jury duty would submit tokens, called pinakions, into an allotment machine called a kleroterion. A justice officer would use a dice on the side of the machine eliminating random names with the remaining people selected. Fast forward into more recent history and consider the work of American economist Thomas Schelling. He set up an experiment where he asked students to rendezvous in New York without giving either party a time or place. The most popular choice selected was the information booth in Grand Central Station at noon. This introduced the concept of the Focal Point, often called the Schelling point, where people can […]

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