A Critique on Current Dispute Resolution Methods of Smart Contract Disputes

Abstract

The unique decentralized nature of blockchain technologies leads investors to international arbitration. However, lingering issues necessitates further analysis regarding how arbitration should be conducted on a smart contract-based dispute. To this end, this study proposes that traditional arbitration rules should adjust to be suitable to resolve disputes arising from smart contract transactions. Current smart contract dispute resolution methods should also evolve by either implementation of arbitration rules in the smart contracts on the blockchain, or development of a blockchain based arbitration institution specialized in arbitration of smart contract disputes. In the alternative, a completely decentralized arbitration system should be considered for the resolution of decentralized markets dealing with smart contracts on blockchain platforms.

Keywords

• Smart contracts,Blockchain,Bitcoin,Crypto currency,Dispute resolution,International arbitration

AKILLI SÖZLEŞMELERDEN DOĞAN ANLAŞMAZLIKLARDA KULLANILAN UYUŞMAZLIK ÇÖZÜM YÖNTEMLERİ ÜZERİNE BİR ELEŞTİRİ

Abstract

Blockchain teknolojilerinin kendine özgü merkezi olmayan doğası, yatırımcıları uluslararası tahkime yönlendirmektedir. Ancak bu durum akıllı sözleşmeden doğan anlaşmazlık üzerine tahkimin nasıl yürütüleceğine dair daha fazla analiz yapılmasını gerektirmektedir. İşbu makale, geleneksel tahkim kurallarının, akıllı sözleşmelere dayalı ticari işlemlerden doğan uyuşmazlıkları çözmek için uygun hale getirilmesini önermektedir. Bu amaçla, mevcut akıllı söleşmelere dayalı ticari işlemlerden doğan uyuşmazlık çözüm yöntemleri, ya akıllı sözleşmelere tahkim kurallarının ekleyerek ya da akıllı sözleşme uyuşmazlıklarının tahkimi konusunda uzmanlaşmış bir tahkim kurumu oluşturularak geliştirilmelidir. Alternatif olarak, blockchain platformlarında akıllı sözleşmelerle ticari islem yapan piyasalar için yine aynı şekilde merkezi olmayan bir tahkim sistemi düşünülmelidir.

Keywords

• Akıllı sözleşmeler,Blockchain,Bitcoin,Kripto para,Uyuşmazlık çözümü,Uluslararası tahkim

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