Student at Jamia Hamdard University, New Delhi, India,
The integration of technological advancements is transforming the landscape of international arbitration, reshaping it into a more efficient, accessible, and transparent mode of dispute resolution. This paper explores how cutting-edge innovations—such as artificial intelligence (AI), blockchain, and virtual hearing platforms—are revolutionizing traditional arbitration processes. By examining the tangible benefits these technologies bring, including cost reductions, enhanced procedural efficiency, and increased accessibility for parties worldwide, this research delves into the transformative potential of tech-driven arbitration. The study also addresses the challenges posed by these advancements, such as cybersecurity risks, data privacy concerns, and the potential for technological disparities among parties. A unique focus is placed on the evolving role of arbitrators, who must now navigate complex technical terrains while maintaining neutrality and adaptability. Through an interdisciplinary lens, the paper evaluates the implications of adopting emerging technologies, not only for procedural efficiency but also for the substantive outcomes of disputes. By showcasing real-world case studies and exploring hypothetical scenarios, this research aims to illustrate the nuanced interplay between innovation and tradition, arguing that a careful balance is essential for preserving the integrity of arbitration. The paper aims to reimagine arbitration’s future, offering a compelling vision of a system where technology serves as both an enabler and a challenge to justice in a globalized world.
Research Paper
International Journal of Legal Science and Innovation, Volume 7, Issue 3, Page 393 - 403
DOI: https://doij.org/10.10000/IJLSI.112605This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
Copyright © IJLSI 2021