Kleros allows for a bunch of great applications. At the moment many people complain that Youtube bans a lot of people via bots without any human review. Youtube could have a system where if a bot locks down one of your videos you can easily get arbitration via Kleros for getting the post unlocked provided you put some money into escrow.
Having the ability to write rules that get neutrally arbitrated means that a startup has to spend less money on hiring people to enforce rules and can simply abstract that away in a similar way a startup currently abstracts away owning servers by using AWS.
Upwork.com/Freelancer.com currently have 20% fees. I would imagine that creating a similar market with 5% fees that does all the rules enforcement via Kleros would be a successful product.
You need a bank account to access Upwork but you don’t need it to access such a market. That means that it’s possible to bring markets to communities that currently have neither a functioning bank system nor a functioning legal system.
It’s unclear to me why Kleros currently has such a low valuation given that the general mechanism is a highly useful building block for many other applications.
Currently, prediction markets have much higher fees then financial markets for most transactions. With better designed prediction markets then the one’s we are currently having (and much lower transaction cost then currently exist on Ethereum) I expect them to provide a lot of economic value.
As far as killer apps go I think there are multiple interesting roads.
Science funding via NFT’s in intruiging: https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/41443491289334730858714141368268395642829177615924976808738423867555824271361 Making scientific papers into intellectual work that can be owned like artwork is intruiging. Especially given that it’s possible that owning a highly cited paper makes you money.
Kleros allows for a bunch of great applications. At the moment many people complain that Youtube bans a lot of people via bots without any human review. Youtube could have a system where if a bot locks down one of your videos you can easily get arbitration via Kleros for getting the post unlocked provided you put some money into escrow.
Having the ability to write rules that get neutrally arbitrated means that a startup has to spend less money on hiring people to enforce rules and can simply abstract that away in a similar way a startup currently abstracts away owning servers by using AWS.
Upwork.com/Freelancer.com currently have 20% fees. I would imagine that creating a similar market with 5% fees that does all the rules enforcement via Kleros would be a successful product.
You need a bank account to access Upwork but you don’t need it to access such a market. That means that it’s possible to bring markets to communities that currently have neither a functioning bank system nor a functioning legal system.
It’s unclear to me why Kleros currently has such a low valuation given that the general mechanism is a highly useful building block for many other applications.
Currently, prediction markets have much higher fees then financial markets for most transactions. With better designed prediction markets then the one’s we are currently having (and much lower transaction cost then currently exist on Ethereum) I expect them to provide a lot of economic value.