This piece focuses on the unsettled relationship between online dispute resolution, law and smart contracts (and the ‘trust’ provided by them). It first introduces the ways in which smart contract applications on a blockchain provide the trust required to deal with unknown business partners – trust in the network rather than in an old-fashioned trusted third party. A distinction is also drawn between calculated trust and institutional trust. The piece then attempts to reconcile the trust provided by smart contracts with the demands of business and concludes that some gaps remain. Finally, it examines what online dispute resolution and the law have to offer to deal with these gaps.
|Number of pages||15|
|Journal||The Indian Journal of Law and Technology|
|Publication status||Published - Jun 2019|
- Blockchain, online dispute resolution, trust