AI and Blockchain may help in dispute resolution in future

DIGITAL RUPEE ,Central Bank Digital Currency, CBDC, India, RBI, cryptocurrency, Digital Currency, Blockchain, Virtual Currency

By Namta Gupta

New Delhi, June 9, 2020: Blockchain and AI have found a voice in Justice Chandrachud.

NITI Aayog, in association with Agami and Omidyar Network India, brought together key stakeholders in a virtual meeting on 6 June 2020 for advancing online dispute resolution in India.

ODR is the resolution of disputes, particularly small- and medium-value cases, using digital technology and techniques of alternate dispute resolution (ADR), such as negotiation, mediation, and arbitration.

While courts are becoming digitized through the efforts of the judiciary, more effective, scalable, and collaborative mechanisms of containment and resolution are urgently needed. ODR can help resolve disputes efficiently and affordably.

Senior judges of the Supreme Court, secretaries from key government ministries, leaders of the industry, legal experts, and general counsels of leading enterprises, explored the opportunities and specifics of what lies ahead especially in the taxing times like the Coronavirus that India is battling right now.

All participants agreed to work cohesively to ensure efforts are taken to scale online dispute resolution in India.

Justice Chandrachud banked on AI and Blockchain stating that they have the potential to unlock disputes.

He said: “We have a mine of data on National Judicial Data Grid, which can be analysed.”

Further, Justice Chandrachud said that the E-committee has taken the decision to adopt open APIs to unlock creativity and entrepreneurial energy for justice services.

There are more than 3.2 crores pending cases in India and hence, the statement by Justice Chandrachud becomes more important.

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