Key Features of KLEROS
KLEROS offers several key features that set it apart from other decentralized dispute resolution platforms:
- Decentralization: KLEROS operates on the blockchain, ensuring transparency and eliminating the need for a centralized authority.
- Crowdsourcing: The platform leverages the wisdom of the crowd by allowing jurors to participate in the resolution of disputes.
- Fast and cost-effective: KLEROS offers a swift resolution process and reduces the costs associated with traditional legal proceedings.
- Immutable rulings: Once a ruling is made, it is recorded on the blockchain and cannot be altered, ensuring the integrity of the decision.