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Kleros and the Birth of
Decentralized Justice
Federico Ast - @federicoast
CEO, Kleros
Designed by Bitcoin Magazine
“If X,
then Y”
The Four
Pillars of
Decentralized
Justice
International
Arbitration
New York Convention
(1958)
Global
Work
Global
Investment
Online Dispute
Resolution
Blockchain
Game Theory
and
Mechanism Design
Kleros
The Contract
The
Dispute
Frustration
?
Go to
international
arbitration over
$500?
How it works
with Kleros
Arbitrator
Jurors
Alice
Wins
Arbitrator
Feature 1
The system is
secured by
blockchain
Jury
Selection
PNK
Digital that users need to stake to be
drawn as jurors.
The token
stays locked
until jurors
reach a
decision
Incentive
Design
Focal
Points
Jurors vote
independently and are
incentivized to vote like
the majority
Users trying to game
the system will
lose money
(on average)
$
Honest users
will
make money
(on average)
$
Feature 2
Collective
Intelligence
Feature 3
Cryptoeconomic
Incentives
Traditional
ODR
Kleros
Resolution
Time
Resolution
Cost
Transparency
Can AI replace
Kleros?
Let’s ask ChatGPT…
Objective
Simple
Subjective
Complex
Better
solved by AI
Better
solved by
Kleros
Better solved
by traditional
methods
AI
The Challenges of
Decentralized Justice
Technical
Challenge
1
Will decentralized justice
systems be able to
withstand collusion,
bribery, 51% attacks, etc.?
Market
Challenge
2
Which use cases
will have more
traction?
Legal
Challenge
3
How will decentralized
justice systems interact
with existing legal
systems?
Will decentralized justice
systems be accepted as
legally valid arbitration
under UNCITRAL rules?
Ethical
Challenge
4
Is decentralized
justice a fair method
for dispute resolution?
Anonymous arbitrators.
Agents can be parties and arbitrators.
Arbitrators have a financial interest in
the dispute.
Decentralized Justice
Learn More!
Download the eBook on
kleros.io
Get Involved!
Kleros
Community
Telegram
Decentralized
Justice
Feature 1
The system is
built on
blockchain
Feature 2
Collective
Intelligence
Feature 3
Cryptoeconomic
Incentives
Thanks!
Federico Ast - @federicoast

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