Japanese scientists are building a digital court for the digital age (Blockchain)

Researchers at the University of Tokyo and the University of British Columbia have used blockchain technology to create a digital court that can be used instead of traditional courts to resolve disputes and decide on the implementation of contracts.

According to the Decrypt, The digital court was designed by Professor Hitoshi Matsushima, a professor of economics at the University of Tokyo and Shunya Noda, a professor at the Vancouver School of Economics at the University of British Columbia, based on the idea of ​​smart contracts.

These contracts are codes that run on a blockchain platform based solely on computer code. This digital court can take action to resolve disputes over commercial and sales auctions and contracts without the need for routine court proceedings.

In this regard, Matsushima said:

In the article published by the Center for Advanced Research in Finance, we read:

Matsushima says:

Because smart contracts that operate on blockchain platforms are visible to the public, much of the process takes place off-chain to minimize the cost of blockchain interaction with privacy. The sides should also be well protected. Here are some other details of this plan:

Of course, in order for a digital court to have acceptable performance, participants must tell the truth. In fact, participants can put incorrect information in a smart contract. To solve this problem, also known as the Oracle Problem, the Digital Court encourages them to enter real and accurate information into contracts. The persuasion is done by the court in two ways:

First, the court fines members of the jury for making contradictory statements.
In the second part, the court enables the deputies to have a vote between the two in addition to the verdict of conviction or acquittal. In other words, the court encourages more reasoned deputies to make "more honest statements" than other deputies.

Matsushima says:

The article also states that either party to the agreement, including those who have violated the law, can use blockchain technology to implement autonomous mechanisms. Even if lawmakers monitor blockchain, they will not be able to see that a digital court has been used to pursue a legitimate goal or an illegal goal. Project managers recommend that lawmakers carefully consider ways to prevent the misuse of smart contracts.

"Blockchain is sometimes like a double-edged sword," Matsushima said.