How Does a Decentralized Court System like Kleros Differ from Traditional Arbitration?

Traditional arbitration relies on a single, mutually agreed-upon third-party arbitrator, is often private, and its rulings are enforced by the legal system. Kleros uses a large, decentralized, and randomly selected pool of anonymous jurors, is transparent on the blockchain, and its rulings are enforced automatically by the smart contract code.

Kleros is faster and less costly than traditional arbitration.