Dispute Resolution (Jurors)- William George of Kleros.io
"Whatever controls the courts, controls the state. " An intriguing use case. What if disputes could be solved via a decentralized platform? Kleros is working on it. We speak with their cryptoeconomics expert.
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Hosts C. Edward Kelso & Matt Aaron |
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About the Episode
William George gives us the low down on the current state of traditional dispute resolution services and lays out their flaws.
If you’ve ever had to go to a small claims court over unpaid or low quality services then you will understand the headache it creates. What if there was a solution that could solve these problems and even incentivize the users?
In this Interview we talk about Kleros, a company William is part of and one I am personally invested in. We look at what Kleros is looking to acheidve and how it’s working already to solve the issues of our current dispute resolution and juror system systems.
Could we use smart contracts to avoid legal fees in divorces? Will big commerce disputes be settled via the blockchain?
In layman's terms, we go from traditional small claims court, centralized dispute resolution like PayPal and Amazon to the Kleros alternative and paint a picture for the future.
During our discussion, you'll discover:
1.40: Introduction to dispute resolution
2.16: Who is William George? He tells us his story and how he discovered cryptography.
4.33: Startup Kleros and the business structure
6:00 The problem with current, traditional dispute resolution systems and different jurisdictions
11:50- Can you use a dispute resolution system to get divorced via the blockchain?
15:50 The amazing benefits of smart contracts in dispute resolutions
19:29 The idea of a shelling point and how it’s used in Kleros to incentivise
21:25 PNK tokens and their place in decentralized cases
Mentioned in the episode:
Kleros
Kleros Whitepaper
William George on Medium
About the Hosts
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C. Edward KelsoC. Edward Kelso has written hundreds of articles as a journalist covering a range of topics from international finance, regulation, to cryptocurrency philosophy, interviews with luminaries, and book reviews. He is a longtime journalist focusing on financial technology, with a particular emphasis on global political structures and their influence. Being based in San Diego, California USA allows him to experience binational economic arrangements (Mexico and the United States mostly) alongside a local hub of technology sector businesses -- from genomics to mobile phones. |
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Matt AaronMatt Aaron has been podcasting since 2013, when he launched the Food Startups Podcast. He recently found a second love in cryptocurrency and blockchain and hasn't looked back. His first major investment into cryptocurrency was the money he made betting on (but not voting for) that Donald Trump would win the 2016 election. Matt believes that public blockchains and cryptocurrencies are the solution to the many problems exposed of the current banking system in the 2008 financial crisis. |
