The International Institute for Conflict Prevention and Resolution (CPR) presented its awards for 2020 on February 28 as part of its annual meeting in St. Petersburg, Fla. Professor Amy J. Schmitz and Colin Rule received the Award for Outstanding Short Article for Online Dispute Resolution for Smart Contracts, 2019 Journal of Dispute Resolution.
This article tackles how to address resolution of smart contract disputes, and proposes that parties turn to online dispute resolution (ODR) to efficiently and fairly resolve blockchain issues. Furthermore, the article acknowledges the benefits and challenges of current blockchain ODR start-ups, and proposes specific ideas for how designers could address those challenges and incorporate ODR to provide just resolutions that will not stymie efficiencies of smart contracts. Nonetheless, the article also raises pivotal cautions and questions for ensuring the fairness and transparency of these solutions over the longer term.