Construction of Cross-border International Commercial Mediation Mechanism Based on Blockchain Technology

Abstract

With the development of economic globalization, international commercial disputes are increasing day by day, and international commercial mediation has gradually become an important part of the dispute resolution mechanism. At the same time, digital currency, which relies on blockchain technology, has brought unprecedented changes to international commercial exchanges and has been applied in many fields of international commercial affairs. However, there are difficulties in the application of blockchain in international commerce. At present, there is no relevant law to regulate the judicial use of blockchain, which brings risks to CNC security and personal privacy protection. Based on this, this paper aims to study the construction of a cross-border international commercial mediation mechanism based on blockchain technology. First, it analyzes the characteristics of blockchain and international commercial mediation and the advantages of international commercial mediation. Then, through a questionnaire survey of law students from three universities, the deficiencies of China’s International Commercial Mediation mechanism and the difficulties in the application of blockchain in International Commercial Mediation are understood. Finally, according to the survey results, suggestions on the construction of cross-border International Commercial Mediation mechanism based on blockchain technology are put forward. The investigation results show that the application of blockchain in international commercial mediation faces many legal problems, and current international commercial mediation lacks a unified law to regulate the use of blockchain, which will cause some complexity in the application of laws, jurisdiction, and other issues.