Blockchain and smart contracts: a game changer in mediation?

Mak, Charles Ho Wang; Mante, Joseph

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