Review on Kleros by Robiul Islam
Decentralized Courts, Fast, open and affordable justice for all.
It is designed to be a multipurpose dispute resolution platform and can function as a legal adjudication service in a wide variety of
cases. Important types of cases include escrow dispute resolution, insurance, and oracle resolutions, as well as preventing spam, scams
and other abuses is a challenge for decentralized social networks, these use cases go far beyond the crypto space.
One of the main
usecases is the Token Curated Registry, which is one of the most used dapps of its kind and will be expanded by the release of a
generalized token curated registry backed by kleros juros. This will allow for anyone to create crypto incentive backed, censor-less
lists for basically anything. The Token Curated Registry has been mentioned by Vitalik Buterin many times.
Pros
- Clear target market with a product that solves a real problem.
- High upside potential based on a very low market capitalization.
- Business model offers solutions for the different components and participants of the crypto but also the non- crypto, legal-tech ecosystem.
- It has four working Dapps, and Court Dapp has over 200 staked jurors and has resolved over 150 cases.
Cons
- Low exchange liquidity.
- Don’t see the highest demand for a product like this, which will change with better utility and overall user experience.
