Lawyers Be DAMNed: Andreas Antonopoulos Takes Aim at Arbitration With DAO Proposal

According to the proposal submitted to The DAO for funding, DAMN will be a sort of “opt-in justice system for commercial transactions”.

Through a network of smart contracts built on the public Ethereum blockchain, the benefits offered by the New York Convention and other alternative dispute resolution services will be made available more widely.

Still in its development phase, Antonopoulos and his co-creator, Pamela Morgan, CEO of Third Key Solutions, intend for the DAMN to provide users with layers of choices regarding whether a dispute will be resolved by a person, an algorithm, pools of random jurors, pools of experts, through collaboration of the parties involved or even another DAO specially set up for mediation. Those who opt into the system will also be given a choice if the decision will be made public or not.

via CoinDesk http://ow.ly/k2Hx300Z3Yf

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