Smart Legal Contracts & Smarter Dispute Resolution


Ustun E. S., Yuce M.

24th IEEE International Conference on Business Informatics, CBI 2022, Amsterdam, Hollanda, 15 - 17 Haziran 2022, cilt.2, ss.111-117, (Tam Metin Bildiri)

  • Yayın Türü: Bildiri / Tam Metin Bildiri
  • Cilt numarası: 2
  • Doi Numarası: 10.1109/cbi54897.2022.10056
  • Basıldığı Şehir: Amsterdam
  • Basıldığı Ülke: Hollanda
  • Sayfa Sayıları: ss.111-117
  • Anahtar Kelimeler: arbitration, blockchain technology, on-chain dispute resolution, smart contracts, soulbound tokens
  • Maltepe Üniversitesi Adresli: Evet

Özet

Availability, and efficiency of dispute resolution mechanisms are sine qua non for a healthy and prosperous environment. Regarding the technical difficulties and challenges, however, traditional judiciary mechanisms may not be effective for blockchain-related disputes. In this manner, judicialization of blockchain becomes highly inevitable, especially regarding the vision of creating a 'self-sufficient system.' In this context, decentralized dispute resolution platforms have occurred and started to provide solutions to blockchain-based disputes. Yet, they are still far from being perfect and should be improved by legal standards and frameworks, as well as employing technical tools. This paper focuses on on-chain dispute resolution mechanisms for blockchain-related disputes, particularly those derived from smart legal contracts.