Decentralized Justice Platforms

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Description

"Decentralized justice platforms are a form of “digital courts” supported by blockchain technology whose purpose is the settlement of disputes by crowdsourcing jurors under economic incentives to provide fair (Ast and Dimov, 2018) rulings. The procedure in these platforms is encoded as smart contracts on a blockchain which seeks to guarantee legal certainty6. Decentralized justice platforms aim to provide a way to resolve matters of interpretation inherent to smart contracts thus lowering transaction costs and enabling the thriving of many decentralized applications built on blockchain."

(https://www.frontiersin.org/articles/10.3389/fbloc.2021.564551/full)

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