Lex Cryptographia Guidelines for Ensuring Due Process in Transnational Blockchain-Based Arbitration: Study on the Kleros Model
Article from: TDM 5 (2022), in Cybersecurity
Nowadays there are several projects around the world, using blockchain to automate alternative dispute resolution, and specifically arbitration, the most popular ones being Kleros, Smart Justice and CodeLegit. Despite recent developments regarding blockchain-based decision-making and blockchain-based arbitration, currently there is no regulation addressing how to preserve due process in transnational blockchain-based arbitration. Regulation around the subject poses serious challenges, the main one being the definition of the applicable jurisdiction to a blockchain-based arbitration. ...