The impact of blockchain technologies and smart contracts on dispute resolution: arbitration and court litigation at the crossroads

The impact of blockchain technologies and smart contracts on dispute resolution: arbitration and court litigation at the crossroads
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区块链技术和智能合约对争议解决的影响:十字路口的仲裁和法院诉讼

DOI:
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发表时间:
2019
期刊:
Uniform Law Review = Revue de Droit Uniforme
影响因子:
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通讯作者:
P. Ortolani
P. Ortolani
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文献类型:
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作者:
P. Ortolani

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本文探讨了区块链技术和智能合约对争议解决的双重影响。一方面,这些技术使私人当事人能够设计出自我执行的仲裁制度,因此在很大程度上绕过了承认和执行程序,国家法院传统上通过这些程序对仲裁施加一定的控制。这种现象可能在将来使仲裁完全自给自足,从而导致国家法院被边缘化。然而,另一方面,这种边缘化尚未发生;相反,最近与区块链相关的首次代币发行现象引发了一些突出的法庭案件。这些案件提出了特别有趣的管辖权问题,特别是考虑到区块链的去中心化性质与领土方法之间的协调困难,其中管辖权通常在国家法院之间分配。
This article investigates the twofold impact that blockchain technologies and smart contracts have on dispute resolution. On the one hand, these technologies enable private parties to devise arbitral systems that are self-enforcing and, therefore, largely bypass the recognition and enforcement procedures through which State courts traditionally exert a certain control over arbitration. This phenomenon may in the future allow arbitration to become entirely self-sufficient, thus leading to the marginalization of State courts. On the other hand, however, such a marginalization has not taken place yet; to the contrary, the recent blockchain-related phenomenon of initial coin offerings has given rise to some prominent court cases. These cases raise particularly interesting jurisdictional questions, especially in light of the difficulty of reconciling the decentralized nature of the blockchain with the territorial approach whereby jurisdiction is typically allocated among national courts.