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Knowledge for policy

Competence Centre on Foresight

We foster a strategic, future-oriented and anticipatory culture in the EU policymaking process.

  • Page | 14 Jul 2020

Kleros

Kleros is a decentralized application built on top of Ethereum that works as a decentralized third party to arbitrate disputes in every kind of contract, from very simple to highly complex ones. It relies on game theoretic incentives to have jurors rule cases correctly. The result is a dispute resolution system that renders ultimate judgments in a fast, inexpensive, reliable and decentralized way.

Main sectors: Platform Economies & Service Sharing; Tokenization

Main applications: Disintermediation and decentralized networks;
Law/Legal Enforcement/Courts

Established in: 2017

URL: https://kleros.io/en/

 

Organisation: SCIC SAS COOPERATIVE KLEROS

Organisation type: Organizations (not companies) – Association

Founders: Federico Ast, Co-Founder; Clément Lesaege, Co-Founder

Partners: Blue Frontiers; Ink Project; DeversiFi; MarketProtocol

Country: France

City: Paris

Stage of project: Pilot

Geographical reach: International

DLT / Blockchain: Public – Ethereum

Other technologies: N/A

 

Whitepaper: https://kleros.io/whitepaper_en.pdf

Github: https://github.com/kleros

Twitter: https://twitter.com/kleros_io

 

This project is part of the #DLT4Good Scanning. ‘#DLT4Good: Co-creating a European Ecosystem of Distributed Ledger Technologies for Social and Public Good’ is a forward-looking science for policy project supported by the European Parliament, and coordinated by the Joint Research Centre (JRC) in cooperation with the Directorate-General for Communications Networks, Content & Technology (DG CONNECT). Learn more about #DLT4Good.