What is Justice, who defines it and how do we practise it?
Tough, difficult, and daunting question that has many answers and controversies depending on the angle that we look and the society in which we live.
The idea of Decentralized Courts draws inspiration from Satoshi Nakamoto and his approach in developing the concept of Bitcoin where a number of anonymous computers who do not trust each can still reach consensus, provided incentives are correctly structured.
Kleros extends this principle to human decision-making. A number of anonymous jurors who do not trust each other can reach consensus on a right decision, provided incentives are correctly structured.
Since decisions made in Kleros affect the allocation of resources, there is an incentive for parties to try to bribe or intimidate the tribunal.
Pseudonymity is intended to protect jurors from bribing attempts, intimidation, and retaliation. It favours their functional independence (ability to freely give their judgement).
It also simplifies the process of users becoming jurors and avoids the costs of identity verification. By providing a secure environment and simplifying the selection process, Kleros greatly enlarges the pool of potential jurors. This results in lower arbitration costs and the democratization of access to justice.
I like several cases and very well technical details that are well described in the white paper https://kleros.io/static/whitepaper_en-8bd3a0480b45c39899787e17049ded26.pdf
However, what frustrates me is lack of depth in communicating the disruptive, one big idea that is challenging existing judicial infrastructure, and using Bitcoin`s example simply take industry by storm.
Thus, this is the only reason why i am giving this project 4 stars. Show Less
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