What characteristics would a DR mechanism need? Delegation to  Provision in smart contract itself allowing delegation to arbitrator arbitrator  Could be triggered by both parties nominating the arbitrating entity Submission to  Provision in the underlying contract (say, the natural language contract arbitration in a “split” model) agreeing to submit disputes to arbitration  It should match delegation mechanism in smart contract  A pool of possible arbitrators Choice of  Administered centrally or via relevant blockchain arbitrator  Could include low level expert determination, or higher value arbitrators for complex disputes UNRESTRICTED 162
 2nd R3 Smart Contract Templates  Summit (All Slides) Page 162 Page 164
 2nd R3 Smart Contract Templates  Summit (All Slides) Page 162 Page 164