Online Dispute Resolution for Smart Contracts

24 Pages Posted: 27 Jun 2019

See all articles by Amy J. Schmitz

Amy J. Schmitz

University of Missouri School of Law

Colin Rule

Modria

Date Written: June 26, 2019

Abstract

Smart contracts built in the blockchain are quietly revolutionizing traditional transactions despite their questionable status under current law. At the same time, disputes regarding smart contracts are inevitable, and parties will need means for dealing with smart contract issues. This Article tackles this challenge, and proposes that parties turn to online dispute resolution (“ODR”) to efficiently and fairly resolve smart contract disputes. Furthermore, the Article acknowledges the benefits and challenges of current blockchain ODR start-ups, and proposes specific ideas for how designers could address those challenges and incorporate ODR to provide just resolutions that will not stymie efficiencies of smart contracts. Nonetheless, the Article also raises pivotal cautions and questions for ensuring the fairness and transparency of these solutions over the longer term.

Keywords: dispute resolution, online dispute resolution, online, dispute, resolution, blockchain, cryptocurrencies, smart contracts, technology, AI, bots

Suggested Citation

Schmitz, Amy J. and Rule, Colin, Online Dispute Resolution for Smart Contracts (June 26, 2019). 2019 Journal of Dispute Resolution 103; University of Missouri School of Law Legal Studies Research Paper No. 2019-11. Available at SSRN: https://ssrn.com/abstract=3410450

Amy J. Schmitz (Contact Author)

University of Missouri School of Law ( email )

Missouri Avenue & Conley Avenue
Columbia, MO MO 65211
United States
573-882-5969 (Phone)

Colin Rule

Modria ( email )

100 West San Fernando Street
Suite 300
San Jose, CA 95113
United States

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