Hey DEFI TIMES community, There are approximately 38.5 billion eCommerce transactions per year. 3-5% of them end in a dispute. This means that at least 155 million disputes need to be resolved every year. As the eCommerce industry continues to grow, this number is not likely to decrease. It's only going to grow in the next few years. However, existing resolution methods are slow, expensive, or complicated most of the time. Most disputes that need to be resolved involve only a few hundred dollars.
Justice As a Service - Kleros
Justice As a Service - Kleros
Justice As a Service - Kleros
Hey DEFI TIMES community, There are approximately 38.5 billion eCommerce transactions per year. 3-5% of them end in a dispute. This means that at least 155 million disputes need to be resolved every year. As the eCommerce industry continues to grow, this number is not likely to decrease. It's only going to grow in the next few years. However, existing resolution methods are slow, expensive, or complicated most of the time. Most disputes that need to be resolved involve only a few hundred dollars.