Dispute Resolution In Blockchain: Do You Need An Umbrella?

In our series of articles addressing the legal structures of smart contracts or dynamic contracts – some of which will utilise blockchain technology – it has been shown that existing legal principles and structures are more than capable of providing a suitable framework to enable the development of such arrangements to flourish.

We previously looked at arbitrating blockchain disputes, but now take those thoughts further looking firstly at how inconsistent dispute resolution clauses can arise and the problems they cause, and secondly why arbitration is a suitable dispute resolution method for blockchain disputes. The framework is such that lends itself to the parties agreeing an umbrella agreement at the outset.