ARBITRATION AS A MEANS OF CONFLICT SOLUTION INVOLVING BLOBKCHAIN AND SMART CONTRACTS TECHNOLOGY

Abstract

The present article aimed to demonstrate how arbitration has the potential to be an adequate means to deal with conflicts involving blockchain technology. In order to do so, the first step was to outline the fundamental aspects of this new technology, the changes proposed by this phenomenon, highlighting, among its various applications, the use of smart contracts, analyzing their difference in relation to contracts traditional, in particular their possible conflicts that have their own characteristics. It is from this point of view that one wished to analyze the current advantages of using arbitration, and how they fit to deal with such disputes. It is an approach whose object, that is, the blockchain, is still in the initial phase of uses, developments and applications, so the present study does not have the pretension of entirely conclusive answers.