How Does Arbitration Intersect with the Blockchain Technology that underlies Cryptocurrencies?

Yes, there is something to be said on this topic. The first page of the Google search results for the term “smart contracts blockchain” shows an article with the following first line: “Smart Contracts: The Blockchain Technology That Will Replace Lawyers”. While overly dramatic, the sentiment that blockchain technology will change the demands placed on lawyers and the legal system at large is not unfounded.

Cryptocurrencies and Blockchain Technology – A Primer

Bitcoins, cryptocurrencies, Ethereum, smart contracts, blockchain – these are the buzzwords that have spawned from the 2008 paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” written by the anonymous person, or a team, who go by the name Satoshi Nakamoto. These terms, however, are not interchangeable.

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