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Smart contracts and blockchain-based crowdsourced arbitration: A primer

Reading time: 11 minutes

Written by Tomoe Suzuki (Associate Author) | Mentored by Amelia Chew | Reviewed by Paul Neo 

LawTech.Asia is proud to conclude the second run of its Associate Author (Winter 2019) Programme. The aim of the Associate Authorship Programme is to develop the knowledge and exposure of student writers in the domains of law and technology, while providing them with mentorship from LawTech.Asia’s writers and tailored guidance from a well-respected industry mentor.

In partnership with the National University of Singapore’s alt+law and Singapore Management University’s Legal Innovation and Technology Club, five students were selected as Associate Authors. This piece by Tomoe Suzuki, reviewed by industry reviewer Paul Neo (Chief Operating Officer, Singapore Academy of Law), marks the third thought piece in this series. It examines the rise of blockchain-based crowdsourced arbitration platforms.

Introduction 

An earlier piece on “A brief analysis of the legal validity of smart contracts in Singapore” (“A Brief Analysis) by Louis Lau on LawTech.Asia has explored the issues surrounding the adoption of smart contacts in terms of validity. This piece seeks to build on the aforementioned piece and add on to readers’ understanding of issues that arise in the implementation of these contracts and solutions that have arisen. 

In particular, this article will compare various dispute resolution methods such as court-based litigation, mediation, arbitration (administered by arbitral institutions) to blockchain-based crowdsourced arbitration platforms (“BCAPs”) that have emerged in recent years. This piece will also provide a relatively abstract overview of how BCAPs work, the use cases they may be suited for, and highlight some of the challenges faced in increasing the adoption of smart contracts and BCAPs. 

LawTech.Asia: Media Partner for TechLaw.Fest 2020!

Reading time: 2 minutes

We are proud to be recognised by the Singapore Academy of Law as an official media partner for TechLaw.Fest 2020!

TechLaw.Fest 2020 (held from 28 September to 2 October 2020) is a signature convention in Singapore that will be the focal point for leading thinkers, leaders and pioneers in law and technology.

Libra: Highlighting Regulatory Challenges for the Future of Cryptocurrencies

Reading time: 14 minutes

Written by Jaye Tan (Associate Author) | Mentored by Ong Chin Ngee | Reviewed by Ian Lee

LawTech.Asia is proud to conclude the second run of its Associate Author (Winter 2019) Programme. The aim of the Associate Authorship Programme is to develop the knowledge and exposure of student writers in the domains of law and technology, while providing them with mentorship from LawTech.Asia’s writers and tailored guidance from a well-respected industry mentor.

As part of a partnership with the National University of Singapore’s alt+law and Singapore Management University’s Legal Innovation and Technology Club, five students were selected as Associate Authors. This piece by Jaye Tan, reviewed by industry reviewer Ian Lee (Lead Investigator, Merkle Science), marks the second thought piece in this series. It examines the regulatory challenges of cryptocurrencies.

Abstract

In June 2019, Facebook announced that they were launching their own cryptocurrency Libra Coin under the Libra Association. Already facing governmental scrutiny over privacy issues over the social network, the announcement exacerbated intense attention from not only United States lawmakers and politicians, but the general public. On 23 October 2019, Mark Zuckerberg was subject to over six hours of questioning – elucidating the key concerns lawmakers have with regard to the regulation of cryptocurrencies. These regulatory challenges are not unique to the US, but apply worldwide to regulatory authorities dealing with the budding technology. With the legislation of the Payment Services Act, Singapore has set a regulatory framework which may be the leading framework for countries to adopt going forward.

TechLaw.Fest 2019 – Charting the Course of Disruption in Law and Technology

Reading time: 9 minutes

By Lenon Ong, Sanjana Ayagari, Elizaveta Shesterneva | Edited by Josh Lee

As part of our strategic media partnership with the Singapore Academy of Law, LawTech.Asia once again has the privilege of being appointed as media partner for TechLaw.Fest 2020. As the programme line-up for TechLaw.Fest 2020 begins to take shape, LawTech.Asia brings our readers back to TechLaw.Fest 2019 to provide a timely recap on all that happened, as we look forward to what is shaping up to be a momentous and memorable TechLaw.Fest 2020.

In its second year in this form as a large-scale conference, TechLaw.Fest 2019 was held on 5 and 6 September 2019, and saw over 1,500 legal professionals, technologists, entrepreneurs and regulators converge to engage in critical conversations about the future of technology law and of the legal industry. 

Given the numerous conferences, exhibitions, pitches, launches and meetings all happening over 48 hours of adrenaline and excitement, this article aims to share some of the key themes and memorable moments that emerged across both days of Singapore’s (and arguably Asia’s) signature law and technology conference.

The entrance to TechLaw.Fest, just before the start of an adrenaline-fuelled two days.

A brief analysis of the legal validity of smart contracts in Singapore

Reading time: 13 minutes

Written by Louis Lau (Associate Author) | Mentored by Josh Lee | Reviewed by Lim How Khang

LawTech.Asia is proud to conclude the first run of its Inaugural Associate Author Programme by publishing the works of its Associate Authors. The aim of the Associate Authorship Programme was to develop the knowledge and exposure of student writers in the domains of law and technology, while providing them with mentorship from LawTech.Asia’s writers and tailored guidance from a well-respected industry mentor.

This first run of the Associate Author Programme was a partnership between LawTech.Asia and Singapore Management University’s Legal Innovation and Technology Club. After a thorough selection process, two students were selected as Associate Authors, where they worked on thought pieces with a mentor from LawTech.Asia. Their pieces were each industry-reviewed by a respected thought leader from the legal technology industry.

This piece by Louis Lau, reviewed by industry reviewer Lim How Khang (Assistant Professor at the Singapore Management University), marks the first thought piece in this series, and provides an analysis on the legal validity of smart contracts in Singapore.

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