The Kleros Intention:
Justice for the people, by the people; Kleros seeks to create the first blockchain ecosystem which provides judicial service (immediately) to any user in dispute. Freelance jobs gone awry and owed payments are examples of cases that will be consistently brought forth to the Kleros community for evalutaion.
For a Quick Audio / Visual Explanation, Here is the Kleros Introduction Video
Juror Selection (and Stake):
Those with more stake in the platform will have a greater chance at becoming a juror in the platform's cases, and that is a solid method of finding jurors who care about the system's well being. Any heavy investor of the platform will always provide the most logical solution to difficult cases as they want Kleros to thrive.
Abuse Prevention:
The WhitePaper does include prevention tactics of abuse such as bribery (which could become the biggest threat in the ecosystem's early phases). As listed in the WP, 'an attacker should be able to provide more value than 50% of the expected loss from the price drop in order for his bribing offer to be successful'. In this scenario the stake of the bribe would actually cost exponentially more than the initial value being discussed. The system simply doesnt' allow abuse at this level, especially since trustworthy stakeholders will mostly likely be selected for, and handle the early cases brought to the blockchain.
The Importance of Smart Contracts (and the Escrow they Provide):
The initial escrow for a case will be held within a smart contract. This is essential as a smart contract can act as an autonomous third party completely objective to the dispute. I am quite interested in the ability to acquire insurance, and I believe that some users may be able to help others in a non-colluding way, just like if someone I knew couldn't afford a lawyer.. yet I could afford to get them one for a few days. It will be incredibly interesting to see a true democracy on the blockchain, may Justice be Served always!
Please Hear My Thoughts on Kleros in Video Form:
For more information on the platform KLEROS , you can visit:
https://kleros.io/
https://kleros.io/assets/whitepaper.pdf
https://medium.com/kleros
https://www.youtube.com/channel/UCEjwygFVVrSXhPNEKfweypA
https://t.me/kleros
https://twitter.com/kleros_io
https://github.com/kleros
https://forum.kleros.io/