Dispute Resolution Protocols

Definition ∞ Dispute Resolution Protocols are predefined procedures or systems embedded within blockchain networks or decentralized applications for addressing and settling disagreements. These protocols provide a structured method to resolve conflicts that arise from smart contract execution or participant interactions. They aim to offer an alternative to traditional legal processes.
Context ∞ The application of dispute resolution protocols is a growing area of interest in blockchain news, particularly concerning the governance of decentralized autonomous organizations. The current state involves various experimental and established mechanisms, ranging from arbitration DAOs to on-chain voting systems. A critical future development is the creation of more efficient and widely accepted protocols that can handle complex legal and technical disagreements.