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Introduction to Kleros - King's College London
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Federico Ast
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A presentation about Kleros I gave at King's College London in January 2024.
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Introduction to Kleros - King's College London
1.
Kleros and the
Birth of Decentralized Justice Federico Ast - @federicoast CEO, Kleros
2.
Designed by Bitcoin
Magazine
3.
4.
5.
6.
“If X, then Y”
7.
8.
The Four Pillars of Decentralized Justice
9.
International Arbitration
10.
New York Convention (1958)
11.
12.
13.
Global Work
14.
Global Investment
15.
Online Dispute Resolution
16.
17.
18.
Blockchain
19.
20.
Game Theory and Mechanism Design
21.
22.
Kleros
23.
The Contract
24.
The Dispute
25.
Frustration ? Go to international arbitration over $500?
26.
How it works with
Kleros
27.
Arbitrator
28.
Jurors
29.
Alice Wins Arbitrator
30.
Feature 1 The system
is secured by blockchain
31.
Jury Selection
32.
33.
PNK Digital that users
need to stake to be drawn as jurors.
34.
35.
36.
37.
The token stays locked until
jurors reach a decision
38.
Incentive Design
39.
40.
Focal Points
41.
42.
Jurors vote independently and
are incentivized to vote like the majority
43.
Users trying to
game the system will lose money (on average) $
44.
Honest users will make money (on
average) $
45.
Feature 2 Collective Intelligence
46.
Feature 3 Cryptoeconomic Incentives
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
Traditional ODR Kleros Resolution Time Resolution Cost Transparency
58.
Can AI replace Kleros?
59.
Let’s ask ChatGPT…
60.
61.
Objective Simple Subjective Complex Better solved by AI Better solved
by Kleros Better solved by traditional methods AI
62.
63.
64.
65.
The Challenges of Decentralized
Justice
66.
Technical Challenge 1
67.
Will decentralized justice systems
be able to withstand collusion, bribery, 51% attacks, etc.?
68.
Market Challenge 2
69.
Which use cases will
have more traction?
70.
71.
72.
73.
Legal Challenge 3
74.
How will decentralized justice
systems interact with existing legal systems?
75.
Will decentralized justice systems
be accepted as legally valid arbitration under UNCITRAL rules?
76.
77.
78.
Ethical Challenge 4
79.
Is decentralized justice a
fair method for dispute resolution?
80.
Anonymous arbitrators. Agents can
be parties and arbitrators. Arbitrators have a financial interest in the dispute. Decentralized Justice
81.
82.
83.
84.
Learn More!
85.
86.
87.
Download the eBook
on kleros.io
88.
Get Involved!
89.
Kleros Community Telegram
90.
91.
Decentralized Justice
92.
Feature 1 The system
is built on blockchain
93.
Feature 2 Collective Intelligence
94.
Feature 3 Cryptoeconomic Incentives
95.
Thanks! Federico Ast -
@federicoast
Download now