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From Smart Contract Litigation to Blockchain Arbitration, a New Decentralized Approach Leading Towards the Blockchain Arbitral Order
Journal of International Dispute Settlement ( IF 0.9 ) Pub Date : 2021-10-09 , DOI: 10.1093/jnlids/idab025
Maxime Chevalier 1
Affiliation  

Blockchain dispute resolution has led the crypto economy to the surge of a new form of dispute resolution: blockchain arbitration. Resolving disputes on-chain is becoming necessary as national and international legal frameworks are not adapted to the characteristics of blockchain transactions. More importantly, the legality of smart contracts is highly debated under various national laws. This new sui generis form of arbitration should not be assimilated with traditional arbitration. Indeed, blockchain arbitration might not fit within the traditional international arbitration framework, and it does not have to. Because blockchain arbitration operates as an oracle, the decision from the jurors automatically triggers or modifies the smart contract. Through the blockchain technology, arbitration has reached the possibility to automatically enforce arbitral awards with no need to rely on state courts’ authority. Observing the legal theories of international arbitration, blockchain arbitration enshrines the representation of delocalized arbitration, but simultaneously leaves room for a new representation of arbitration: decentralized arbitration. In the next decades, we will see the surge of the blockchain arbitral order, an independent legal order anchored in the Lex Cryptographia. This essay advocates for the recognition of the blockchain arbitral legal order and tries to draw its contours.

中文翻译:

从智能合约诉讼到区块链仲裁,一种通往区块链仲裁令的去中心化新方法

区块链争议解决导致加密经济涌现出一种新的争议解决形式:区块链仲裁。由于国家和国际法律框架不适应区块链交易的特点,因此解决链上争议变得必要。更重要的是,智能合约的合法性在各种国家法律下备受争议。这种新的特殊仲裁形式不应与传统仲裁相提并论。事实上,区块链仲裁可能不适合传统的国际仲裁框架,也不必如此。由于区块链仲裁作为预言机运作,陪审员的决定会自动触发或修改智能合约。通过区块链技术,仲裁已经达到了自动执行仲裁裁决的可能性,无需依赖州法院的权威。区块链仲裁遵循国际仲裁的法律理论,既体现了去中心化仲裁的表征,同时也为仲裁的新表征留下了空间:去中心化仲裁。在接下来的几十年里,我们将看到区块链仲裁令的激增,这是一个锚定在 Lex Cryptographia 中的独立法律秩序。本文主张对区块链仲裁法律秩序的认可,并试图勾勒其轮廓。但同时也为仲裁的新表现形式留下了空间:去中心化仲裁。在接下来的几十年里,我们将看到区块链仲裁令的激增,这是一个锚定在 Lex Cryptographia 中的独立法律秩序。本文主张对区块链仲裁法律秩序的认可,并试图勾勒其轮廓。但同时也为仲裁的新表现形式留下了空间:去中心化仲裁。在接下来的几十年里,我们将看到区块链仲裁令的激增,这是一个锚定在 Lex Cryptographia 中的独立法律秩序。本文主张对区块链仲裁法律秩序的认可,并试图勾勒其轮廓。
更新日期:2021-10-09
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