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Blockchain and smart contracts: a game changer in mediation?

Mak, Charles Ho Wang; Mante, Joseph

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Abstract

In light of accelerating technological innovation and shifts in dispute resolution paradigms, this article elucidates the transformative potential of blockchain technology and smart contracts in mediation. The paper posits that these advancements offer an innovative framework for dispute avoidance and a more efficient, transparent process for resolving conflicts, particularly in commercial settings. The article critically assesses the inherent challenges and argues that overcoming these obstacles necessitates a multi-stakeholder approach, encompassing legislative measures, educational initiatives, and technological enhancements. It ultimately contends that blockchain and smart contracts hold the capacity to significantly reshape the landscape of mediation.

Citation

MAK, C.H.W. and MANTE, J. 2023. Blockchain and smart contracts: a game changer in mediation? Asian journal on mediation, 2023, pages 49-64.

Journal Article Type Article
Acceptance Date Sep 7, 2023
Online Publication Date Dec 31, 2023
Publication Date Dec 31, 2023
Deposit Date Nov 3, 2023
Publicly Available Date Dec 31, 2023
Journal Asian journal on mediaton
Print ISSN 1793-2173
Publisher Singapore Mediation Centre
Peer Reviewed Peer Reviewed
Volume 2023
Pages 49-64
Keywords Dispute resolution; Blockchain technology; Smart contracts; Mediation
Public URL https://rgu-repository.worktribe.com/output/2085489

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