Building a Blockchain Justice Protocol
Kleros, the blockchain dispute resolution layer protocol, has officially been accepted into the Thomson Reuters Incubator program. Kleros aims to enable both individuals and businesses to feel safe while conducting transactions online. This is accomplished by using smart contracts to reduce counterparty risk in a wide range of industries including e-commerce, insurance and finance. Should a dispute arise between the transactional parties, the Kleros platform enables the dispute to be resolved through a fast, secure and transparent system.
By joining the Thomson Reuters Incubator Lab, Kleros will be gaining access to a wealth of knowledge and resources to support the achievement of its grand vision: democratizing access to justice.
Barry Dooney, Strategy and Operations Manager at Thomson Reuters Labs start-up incubator, stated: “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,” “Companies participating in the program have access to office space, executive mentoring, and access to our data and technology capabilities.”
Co-founder and CTO of Kleros, Clément Lesaege said: “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.”
Dr. Federico Ast, Kleros’ Co-founder and CEO, remarked: “The entire Kleros team feels incredibly honoured to be chosen as only the fifth project accepted in the Incubator Lab’s program. 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.”