Blockchain Technology as a Means to Achieve Prior Transparency in Arbitration Processes. A Social Challenge.

Any arbitration procedure must be transparent in order to guarantee that all parties have access to the information and supporting documentation they need to make informed decisions. This manuscript proposes a framework for transparency that makes use of blockchain technology to improve the fairness and integrity of any arbitration system. To comprehend the decisions made, the technological requirements and difficulties experienced by distributed platforms based on blockchain technology are explained. The proposed solution not only satisfies the specified technological needs, such as scalability and resilience but also fosters transparency by guaranteeing the verifiability of source data and the preservation of users’ privacy. This system tries to get rid of corruption and safeguard consumer interests by employing a public network via which smart contracts can be executed. By expanding the scale of the network used, this strategy not only increases resilience but also improves the accountability and openness of the arbitration process.