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