Kleros and Ink Protocol Announce Partnership
We are glad to announce our partnership with Ink Protocol, a leading project in the decentralization of e-commerce.
Ink Protocol is a decentralized reputation and payment protocol powered by the Ethereum blockchain and XNK, an ERC20 compatible token. Ink Protocol will become the new reputation and payment system within the Listia marketplace. Listia was launched in 2009. With 10 million registered users as of today and more than 100 million items sold, we are confident this partnership will bring significant benefits to the community.
Buyers can check a seller’s reputation before buying and also leave feedback once a transaction is complete. Optionally, they can add a mediator and escrow for a higher level of safety.
How will this partnership work together?
Partnering with Ink is a great opportunity to begin testing our technology in a burgeoning industry. The partnership with Ink Protocol will help us test two key use cases of Kleros: escrow and curated lists.
Kleros will act as a second layer of resolution for Ink Protocol users as a mediator. If a Buyer or a Seller can’t come to a resolution among themselves, Kleros will be there to adjudicate for them. Members of the community can serve as jurors, and mediate disputes through a voting mechanism.
Read the Ink Protocol announcement for a detailed explanation.
Tests will start in the coming weeks, and we look forward to having our technology working with real users very soon.
This is one of the first steps in realizing our collaborative vision of developing strategic partnerships, building our protocol and most importantly, benefiting the user.
More announcements coming soon. Stay tuned!
Kleros is a blockchain Dispute Resolution Layer that provides fast, secure and affordable arbitration for virtually everything. It relies on game theoretic incentives for jurors to rule cases correctly. The result is a system that renders ultimate judgements enforced by smart contracts in a transparent and decentralized way.
About INK Protocol
Ink is a decentralized reputation and payments protocol for peer-to-peer marketplaces. Buyers can see seller’s reputation across multiple marketplaces, pay with escrow, and leave feedback for completed transactions. Seller’s Reputation is decentralized and public, so it is available anywhere.
This is one of the first steps executing our vision of collaboration with strategic partners. More announcements coming soon. Stay tuned!
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