Thomson Reuters Incubator Program to host Kleros for democratization of access to justice
Kleros is a decentralized application built on top of Ethereum that works as a decentralized third party to arbitrate disputes in every kind of contract, from very simple to highly complex ones. It relies on game theoretic incentives to have jurors rule cases correctly.The result is a dispute resolution system that renders final judgments in a fast, inexpensive, reliable and decentralized way.
Kleros Joins Thomson Reuters Incubator to Build a Justice Protocol for the Internet https://t.co/WlC07ajnNO ??
Published on @VentureBeat
— Kleros (@Kleros_io) May 8, 2018
Kleros, the leading blockchain dispute resolution layer protocol, has been inducted into Thomson Reuters Incubator program. “The Incubator Lab is designed for startups within Fintech, RegTech, LegalTech, or NewsTech with whom we see an important or interesting potential alignment for our customers,” as described by Barry Dooney, Strategy and Operations Manager at Thomson Reuters Labs startup incubator. “Companies participating in the program have access to office space, executive mentoring, and access to our data and technology capabilities.”
I just published “Kleros Joins Thomson Reuters Incubator to Build a Justice Protocol for the Internet” https://t.co/ImbttWCEEz
— Federico Ast (@federicoast) May 8, 2018
“The entire Kleros team feels incredibly honored to be chosen as only the fifth project accepted in the Incubator Lab’s program,” said Dr. Federico Ast, Kleros’ Co-founder, and CEO. “Thomson Reuters’ capabilities and trajectory in legal and financial industries will help bridge the gap between blockchain and the real world. This is a big step for using the power of smart contracts to solve real-life problems.”
There are no standard procedures in place for handling online disputes. Kleros platform aptly suited to fill the void in online dispute space. “That’s when we knew it was our duty to the overall growth of the ecosystem to create an efficient and affordable dispute resolution layer protocol built on top of the blockchain”, said Clément Lesaege, Kleros’ Co-founder and CTO.
Thomson Reuters Incubator will provide access to vast knowledge of wealth and expertise to Kleros. The democratization of access to justice will be a reality soon.
Image via Kleros Facebook Page