The impact of blockchain and smart contracts on dispute settlement: a case for mediation.

Mak, Charles Ho Wang; Mante, Joseph

Abstract

The research is premised on two important developments, accelerating technological innovation and shifts in dispute resolution paradigms. These advancements offer an innovative framework for dispute avoidance and a more efficient, transparent process for resolving conflicts, particularly in commercial settings. To make this case, we use blockchain technology and smart contracts as technological exemplars, and mediation as an example of dispute resolution mechanism that can be positively impacted by the use of the relevant technology. The potential of these technologies to promote dispute avoidance and the emerging legal frameworks for resolving blockchain technology and smart contract disputes were also explored. We also examine how blockchain technology and smart contracts can be integrated into the mediation process, the advantages, challenges, and possible solutions.

Citation

MAK, C.H.W. and MANTE, J. 2023. The impact of blockchain and smart contracts on dispute settlement: a case for mediation. Presented at the 2023 TIAC (Tashkent International Arbitration Centre) Journal of international dispute settlement inaugural annual conference (TJIDS 2023): dispute settlement: the past, present and future dimensions, 14 September 2023, Tashkent, Uzbekistan.

• Presentation Conference Type: Presentation / Talk
• Conference Name: 2023 TIAC (Tashkent International Arbitration Centre) Journal of international dispute settlement inaugural annual conference (TJIDS 2023): dispute settlement: the past, present and future dimensions
• Start Date: Sep 14, 2023
• Deposit Date: Sep 21, 2023
• Publicly Available Date: Dec 18, 2023
• Peer Reviewed: Peer Reviewed
• Keywords: Technological innovation; Dispute resolutions; Disputes; Blockchain technology; Smart contacts
• Public URL: https://rgu-repository.worktribe.com/output/2086138