Co-authored by Pragya Mehta, 3rd year - BA LLB(Hons),
Maharashtra National Law University, Mumbai
I. INTRODUCTION
Despite the growing body of the academic discourse engaging with
blockchain arbitration, the same remains largely theoretical,
leaving several critical gaps between conceptual promise and
practical implementation unaddressed. With a userbase of about
300,000 transactions per day,1 the blockchain technology
has slowly moved beyond experimentation. This technology can be
simply defined as a tool which operates on a distributed network of
nodes, each maintaining an immutable record of
transactions.2 While its mainstream introduction to the
world was through Bitcoin in 2009,3 its operation is
dependent on decades-old technology: public-private key encryption,
consensus mechanisms, and peer-to-peer networks.4 What
makes the integration of this technology difficult is its
decentralized nature5 and the subsequent difficulty to
decide the jurisdiction of