Presentation of the Journal of Law, Market & Innovation

Presentation of the JLM

Blockchain Justice: Exploring Decentralising Dispute Resolution Across Borders

It is well known that the raison d'etre of Distributed Ledger Technology (DLT) is to enable peer-to-peer transactions that do not require Trusted Third Parties (TTP). Commercial security is a major concern for users in this new era: intermediaries are increasingly seen as security holes and removed from protocols as a result of a growing desire to maintain control over transactions. The need for independence from TTPs has evolved into a counterculture that moves blockchainers away from central authority, the courts and the world as we know it. To date, all existing online dispute resolution (ODR) processes in DLT and related tools such as smart contracts do not reflect the vision of blockchain as a counterculture. They exclusively use adjudicative methods involving one or more TTPs deciding via on-chain incentivised voting systems. This paper aims to discuss why non-adjudicative methods shall have a cultural priority over adjudicative ones, showing why they might be preferred by blockchainers due to risk management and distrust concerns. Furthermore, we introduce a prototype of a non-adjudicative ODR model (“Aspera”) in which users can have total controlover the outcome of the dispute in a TTP free environment

Sandboxes and Consumer Protection: The European Perspective

The paper explores the consumers’ perspective on regulatory sandboxes and their increasing deployment by authorities in Europe to regulate financial innovation (‘FinTech’) ex ante. In particular, this article will shed a light on the conditions for regulatory sandboxes to be considered consumer-friendly environments. To this end, the paper briefly introduces the concept of the regulatory sandbox and discusses it within the framework of consumer law. Specifically, this study outlines risks and benefits that a regulatory sandbox poses to consumers. Furthermore, the authors provide an analysis of the current European framework and the role that consumers have taken within the various regulatory sandboxes that have been recently established. Therefore, the article intends to contribute to the academic debate on the interplay between technological innovation, new markets and consumer la