An Appraisal of Dispute Resolution Systems in Blockchain

Law Graduate, Department of Public and International Law, Faculty of Law, Osun State, Nigeria
Email: fawazayomide26@gmail.com
Manuscript received September 17, 2024; accepted October 11, 2024; published January 7, 2025

Abstract—The rise of blockchain technology has revolutionized industries by offering decentralized, transparent, and secure systems. However, these same characteristics pose unique challenges in resolving disputes that arise within blockchain networks. This article examines the effectiveness of existing dispute resolution mechanisms tailored for blockchain, such as on-chain arbitration and smart contract adjudication. It evaluates their strengths and limitations in providing fair, efficient, and enforceable resolutions compared to traditional legal frameworks. By analyzing case studies and current practices, this appraisal highlights the need for innovative legal strategies and technological advancements to address the evolving nature of conflicts in blockchain environments, ensuring that the promises of decentralization do not come at the cost of justice and accountability.

Keywords—blockchain, dispute resolution, cryptography

Cite: Fawaz Adediran, " An Appraisal of Dispute Resolution Systems in Blockchain," International Journal of Blockchain Technologies and Applications, vol. 3, no. 1, pp. 1-6, 2025.

Copyright © 2025 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).