Blockchain-Based Dispute Resolution: Insights and Challenges

A smart contract can be defined as a computer program, stored on blockchain, which allows transaction or an agreement—defined ex-ante—to self-executed when some conditions are met, and without the need for central authority to enforce it. Even if this new technology is very promising, it may face challenge: codified nature of contracts creates types disputes that require mechanisms dispute resolution, precisely based blockchain. The aim article analyze one these emerging mechanisms, namely Kleros, blockchain-based resolution platform implying crowdsourced jurors whose incentives make fair decisions game theory. Kleros case provides also basis broader discussion future decentralized justice market.