/biz/ - Business & Finance

>>26621361
First some obvious applications: commissions and escrow. These are often described as areas where crypto might offer substantial advantages over conventional services, since freelancers are often fucked over and the court system is so slow and expensive, and yet crypto is very rarely actually used for these applications in the real world. Why is that? Well, commissions and escrow rely on data that is not usually publicly available from a trusted data feed. Let's say you commission someone to build you a deck. You write up a contract describing the terms of your agreement and a smart contract to hold the money until the work is completed. You take some pictures of the area where you want the deck built. A month later, the contractor claims the deck is completed and asks to be paid. However, you refuse to pay—maybe you claim the deck wasn't actually built, or he broke the agreement by using inferior wood or by putting the flooring in crooked. You and the contractor both had the opportunity to take lots of photos to support your arguments. This isn't a dispute Link can solve, but if you both agreed to appeal to Kleros you can make your arguments there and trust that the smart contract will execute correctly, with a fraction of the cost and trouble of small-claims court or a lawsuit. Kleros has already implemented a successful pilot for commissioned translations through a partnership with Linguo and released an escrow dapp for wider use.
Second a less obvious application: proof of humanity or credentials. Suppose you want to program a smart contract that pays out a fixed amount to any address that you can prove belongs to a distinct human being without duplicates. Or suppose you want to form a Kleros court where every potential juror is guaranteed to have a degree in international finance without compromising anonymity. (continued)

Seeing a mirroring of Kleros to LINK.

$10 LINK -> $0.10 PNK
$100 LINK -> $1.00 PNK
$1,000 LINK -> $10.00 PNK?

Let's fucking GO.

HOLEEEE SHIT IT'S HAPPENING

https://www.ngi.eu/news/2020/06/30/blockchains-for-social-good-eic-prize-winners-announced/

5M Pinkie here. Never selling. EVER. I made so much off Chainlink I literally never need to sell and can just shovel ETH for eternity.

One day Kleros crypto-token will be $1,000 PER COIN. YOU HEAR ME?

Our point is that it’s not enough to just promise something. In fact, even creating a good product isn’t enough. Venture capitalists look at a wide array of fundamentals for a reason. They want to know that the business has a solid plan to grow.

“When it comes to civic innovation, writing software that works is only half the challenge. The other half is about convincing people that it can work.”

By creating long-form content like the Kleros Handbook, the team is able to introduce and convert individuals from the LegalTech audience by showing why their mission is important and outlining how it all works. With just one book they can demonstrate the amount of time, effort and thought that has gone into their system. Not only that, but they show that their work is the result of dozens of innovators from around the world and extensive market research. It’s shown that Kleros is solving real problems and their product is actively and successfully being used as a dispute resolution solution.

However, it’s not all about Kleros either. They are interested in growing the prevalence of decentralized justice as a whole, and not just their own brand and product.

“Our goal was to provide readers with a one stop shop for a full account of the different aspects of the emerging field of decentralized justice, a place to learn about the history of the discipline, about cryptoeconomics, legal implications, business opportunities and the ever growing number of use cases that can be addressed by this novel approach to dispute resolution.

This book represents the result of painstaking research into the underlying concepts of decentralized justice. It is an attempt to share our vision and motivate the right minds to think about the future of the legal industry and law as a whole. The world is rapidly changing and law will have to adapt to this rising tide.”

https://thedailychain.com/how-kleros-is-fueling-growth-in-and-out-of-crypto/

OOOOOOO

Do you expect a new ATH by summer? I feel like the first cycle was just starting to get legs, and we got cucked by ///THEM/// right when it started to get good.

You feeling 10 cents by June?

Is Vitalik going to bust a nut of tweets again?

I CAN'T TAKE not knowing when we parabola again. How do you cope with your portfolio swinging tens of thousands of dollars with each penny?

Wild times.

China is beginning online court sessions. America will follow.

Is this the beginning of a 1,000x for Kleros?

PINKIES REPORT IN.

ALL LINES ASSEMBLE.

TARGET : DIP

AND.... FIRE!

>>17599949
$2.00 EOY

what are you idiots doing if ur not buying PNK