Kleros, a blockchain dispute resolution layer protocol, has been accepted into the Thomson Reuters Incubator program.
Kleros says it enables both individuals and businesses to feel secure 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 expects to enable the dispute resolution. Thomson Reuters Incubator targets Fintech, Regtech and Legaltech solutions.
Dr. Federico Ast, Kleros’ Co-founder and CEO, says there is no standard procedure parties must adhere to while handling online disputes.
“The entire Kleros team feels incredibly honored to be chosen as only the fifth project accepted in the Incubator Lab’s program,” said Ast. “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.”
Paris based Kleros is launching an initial coin offering later this month. The Kleros token is named pinakion (PNK). Kleros is only accepting US accredited investors.
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