Since 2017, the Hangzhou Internet Court in the People’s Republic of China has been breaking new ground in disputes relating to online transactions. The matters that come before the court relate to such areas as online shopping and services, small loans, domain-name ownership and copyright.
Crowdsourcing Dispute Resolution on the Blockchain
An article in The Artificial Lawyer reports that Reuters Thomson has invited Kleros, a blockchain-based legal arbitration platform, to participate in its incubator program. The Kleros platform, described by its developers as “The dispute resolution layer for virtually everything,” facilitates the resolution of disputes arising from smart contracts anywhere in the world. In a white…
Smart Contracts and Crowdsourced Juries
A new start-up company, appropriately named jury.online, is planning to crowdsource juries for the arbitration of contract disputes.
The company, which is based in Estonia, describes itself as “The Future of Dispute Resolution,” although an article on Artificial Lawyer points out that its approach to jury selection raises a number of legal questions, among…
Bringing Blockchain Transactions into the Legal Domain
The Artificial Lawyer reports on a new system that is intended to ensure the legality of contracts based on tokens that are used on the Ethereum blockchain platform, rather than on established legal tender.
Ethereum is “an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality” (Wikipedia). Its tokens, called “ether,” may be…