The Use of Crowdsource Funding and Game Theory in the Decentralized Arbitration Process

August 2022

Abstract

The accelerated pace of digitalization has created exponential growth in the number of transactions that are being conducted online and across jurisdictional boundaries. With this surge in e-commerce comes a surge of disputes related to online transactions. Settling these disputes through traditional courts is time-consuming, inefficient, and costly. Decentralized arbitration—a subset of the concept of decentralized justice—offers solutions to these problems.

Authors

Liz Maag

General Counsel, Aware, USA

Liz Maag has been a licensed U.S. attorney since 2008. Originally an engineer, her career began with a focus on patent law. She moved into corporate law with Honda Patents & Technologies North America, LLC, but then shifted into the GC role of a start-up company. She pivoted once more, practicing antitrust law at the Ohio Attorney General’s Office. Currently, she is the Senior Legal Counsel for a technology start-up company, Aware, based out of Columbus, Ohio.

Bella Jagielski

Legal Intern, Aware, USA

Bella Jagielski is a J.D. candidate at Capital University Law School in Columbus, Ohio, to be conferred in May of 2023. She is currently the Editor-in-Chief of Volume 51 of Capital University Law Review and awaits publication within such journal for her article, “A Comment on the Future: Can Blockchain and Smart Contracts Move Us Towards Decentralized Justice?” She is currently the legal intern for a technology start-up company, Aware, based out of Columbus, Ohio, where the possibilities of the future continue to energize her.

Zachary Pyers

Attorney and Partner, Reminger Co., L.P.A., USA

Zachary Pyers is a Partner in the Columbus, Ohio office of Reminger Co., L.P.A. His practice focuses on a wide variety of litigation and emerging technologies. He is a host of the Reminger Report Podcast on Emerging Technologies and is a co-author of the book Ridesharing Law and Liability, published by the American Bar Association. He is also an Adjunct Professor at Capital University Law School where he teaches several courses focusing on litigation and emerging technologies.

Kenton Steele

Attorney, Reminger Co., L.P.A., USA

Zachary Pyers and Kenton Steele are partners in the Columbus, Ohio office of Reminger Co., L.P.A. Their practices focus on a wide variety of litigation and emerging technologies. They host the Reminger Report Podcast on Emerging Technologies. They are Co-Authors of the book Ridesharing Law and Liability, published by the American Bar Association. They are also Adjunct Professors at Capital University where they teach various courses focused on litigation and on emerging technologies.

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The Use of Crowdsource Funding and Game Theory in the Decentralized Arbitration Process

Abstract

Authors

Companies

Aware

Aware

Reminger Co., L.P.A.

Reminger Co., L.P.A.

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