"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.

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