Dispute Resolution Protocols Can Help Enterprise Adopt Blockchain

New digital dispute rules could keep smart contract disagreements out of the courts with the help of an independent arbitration tribunal. A British government-sanctioned task force has proposed a dispute resolution framework that would keep cryptocurrency and smart contract disagreements out of the courts. A 14-page report published by LawTechUK’s UK Jurisdiction Taskforce puts forward new “Digital Dispute Resolution Rules” that aim to provide a standardized means of dealing with smart contract disputes. Under the remit of the new rules, crypto-based disputes could be resolved without any....

Exploring how Bitcoin’s non-confiscatable nature will introduce a paradigm shift in dispute resolution and the civil justice system.

With a new bipartisan bill by the House of Representatives, a call has been issued to the US Government to adopt a national policy to promote citizens’ access to new financial innovation including blockchain and digital currencies. A new Congressional resolution is calling on the United States government to support the development and ease of access to financial tools including blockchain, digital currencies and FinTech. The resolution seeks a national policy for technology in order to achieve those goals. The bipartisan bill resolution sees its title as “Expressing the sense of the House....

Singapore's Second Minister for Law believes an integrated platform using the Metaverse will make the dispute resolution process more convenient and efficient. Legal marriage proceedings, court case disputes, and government services may one day be offered on the Metaverse, according to a Singaporean government minister. Speaking at the TechLaw Fest 2022 on July 20, Singapore’s Second Minister for Law Edwin Tong argued even highly personalized, intimate events such as the solemnization of marriages have taken place online in the Metaverse.  "It would not be unthinkable that, besides....

Blockchain offers great efficiency — and this is the main reason it will be increasingly prevalent over the next decade. Over the last three or four years, blockchain adoption has expanded tremendously, and each industry is exploring different use cases for the technology. There are multiple aspects of blockchain — from business to technical and more — but with the way the industry is exploding, it’s really hard to get it right.It’s best to divide the blockchain topic into two main buckets in order to understand the development of the ecosystem and the key benefits and innovations it....