Jusletter IT

While e-commerce is on the rise, it also led to an increase of disputes. Online resellers therefore developed platforms for alternative dispute resolutions, which have caught the attention of insurers as well. But without effective enforcement mechanisms, there is little value added. Consequently, this report examines the application possibilities both of online dispute resolution (ODR) and smart contracts combined. Based on an insurance business model, it suggests an approach for automated enforcement of extrajudicial settlements.