I’m a crypto newbie. Can you give an example of a real-world application Kleros is already being successfully used for?
Omen is a prediction market that exists and that uses Kleros as final source of truth for resolving the prediction. Polkamarkets is a prediction markets that’s currently being build and as far as I see they also want to use Kleros as source of truth.
Those usecases work at the current transaction costs.
At lower transaction costs more usecases are possible.
Facebook is at the moment in a situation were they hire a bunch of content moderators and get criticized from both sides of the political spectrum for making the wrong decisions as far as content moderation goes.
Kleros provides the ability to just write the rules for content and let Kleros do all the work to resolve disagreements about moderation decisions. At that point Facebook just becomes responsible for the rules and not anymore directly responsible for individual calls on individual posts.
As a big company Facebook might not want to go that way but I would expect a new social network to arrise that decides against hiring a bunch of content moderators and just lets Kleros resolve the disputes about people violating norms like not insulting each other.
If you currently hire a freelancer over a platform like upwork you have to pay 20% transaction fees. That’s a lot. One of the things that upwork does for the fees you pay it that it arbitrates when conflicts between market participants arrise.
Kleros allows you to build something like upwork that can work with lower transaction fees for hiring freelancers but where conflicts get automatically arbitrated and where content rules that forbid people from hiring assassins or do other jobs that are unwanted can be enforced.
In countries that currently don’t have a trustworthy legal system that upholds contracts Kleros allows you a system that you can just deploy in a territory like Western Sahara where businesses currently don’t have a legal system that manages to uphold contracts between them.