With the online access worldwide and the established universal concept of contractually BINDING ARBITRATION there seem to come to the forefront of the general public’s attention mostly with token disputes and bitcoin world spread unhappy investors buyers see for instance : https://www.coinspeaker.com/ripplejudge-lawsuit-proceed/ . Moreover, the technology allows to creep into the domain of alternative dispute resolution. There isnow arbitration utilizing the same blockchain technology as cryptocurrencies: blockchain arbitration. These forms of alternative dispute resolution, known as “online dispute resolution”, are increasingly making their presence felt even though irrelevant to reality, it just sounds good.
Online arbitration can be defined as an arbitration in which all aspects of the proceedings are conducted online. Online arbitrations can have hearings through the use of video conferencing, but most online arbitrations simply require parties to upload their evidential documents, respond to questions from the arbitrator and they will receive a decision from the arbitrator.
The NYSAA for instance allow for both and will never compel a party to appear in person. As it could be detrimental to due process which is often ignored in NY or State wide courts, where Federal and State judge ignore the advancement of technology, maybe even just because those individuals are not up to date, and simply unaware, which is the case often with our justices; and purposefully burden parties with in personam appearance even for deposition.
Online arbitration shares many similar advantages as online mediation, such as lower costs and greater flexibility due to their asynchronous nature. The disadvantage of online arbitration not having face-to-face interactions is also less significant as arbitrations rely less on the parties’ interactions but more on evidentiary written submissions.
Online arbitration is also used in business to consumer disputes. However, it is generally unpopular not because it is a poor medium for dispute resolution, but because consumers view such arbitration agreements as denying them access to justice through the courts and in particular, to class action suits which would offer more compensation. But for the sake of efficiency, promptness and effectiveness businesses opt more than less for prompt fair arbitration mostly with the NYSAA, and understand the value of a swift decision rather than years with the cluttered court systems or expensive AAA arbitrations.
So opt now for NSYAA arbitrations which allow for 30 days to 90 days max biding ADR within a NY minute. The NYSAA facilitates the arbitration process or settlement process efficiently and securely by organizing your data, communications and results.
Accessible – All of your information is available to you on your PC and mobile devices. Calendar dates and documents uploaded are visible in our online forum, Go-NYSAA system, which allows the parties to add documents and review next hearings or transcripts.
Our online forum allows you to facilitate negotiations anywhere, at any time.
Secure – All of your information is available to you on your PC and mobile devices. Calendar dates and documents uploaded are visible in our online forum, Go-NYSAA system, which allows the parties to add documents and review next hearings or transcripts. Our online forum allows you to facilitate negotiations anywhere, at any time.
Reliable – All parties get email reminders to remind them about events and deadlines through our automated system.