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7 - A Blockchain-Based Smart Dispute Resolution Method

from Part II - Legal Tech and ADR

Published online by Cambridge University Press:  18 November 2021

By
Alessandro Palombo ,
Raffaele Battaglini  and
Luigi Cantisani
Edited by
Larry A. DiMatteo ,
André Janssen ,
Pietro Ortolani ,
Francisco de Elizalde ,
Michel Cannarsa  and
Mateja Durovic
Larry A. DiMatteo
Affiliation:
University of Florida
André Janssen
Affiliation:
Radboud Universiteit Nijmegen
Pietro Ortolani
Affiliation:
Radboud Universiteit Nijmegen
Francisco de Elizalde
Affiliation:
IE University Madrid
Michel Cannarsa
Affiliation:
Catholic Lyon University
Mateja Durovic
Affiliation:
King's College London
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Summary

Lex Mercatoria, Latin for ‘merchant law,’ is a very old concept that predates the rise of nation-states. During the medieval period, a body of legal conventions evolved through custom and commercial practice and was enforced by private courts along the merchant trade routes.1 Modern nation-states came to replace this traditional method of resolving disputes with domestic courts. But the gradual increase in international commerce has encouraged nations to defer to international arbitration as a solution to complex cross-border business disputes, and various other alternatives to lawsuits brought in civil courts.

Keywords

Blockchainsmart contractsonline dispute resolutionalternative dispute resolutionODRADRarbitration
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Information
The Cambridge Handbook of Lawyering in the Digital Age , pp. 122 - 139
Publisher: Cambridge University Press
Print publication year: 2021

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