Dispute resolution and arbitrators

Since a consortium includes various enterprises and discrete parties, it has its own business complexities. These complexities can lead to disputes. Hence, a consortium must have arbitrators to settle disputes. This means that there is a need for an arbitration function for a consortium, which takes care of the participation contract (via a legal document) between members of the consortium. This can be CPA authorities who handle legal documents until these documents also turn into a smart contract (chaincode), which acts as a smart arbitrator.

A consortium can engage smart contract (chaincode) auditors to verify the smart contract and verify the interface and integration of the smart contract with external applications and data sources. Such independent auditors will offer assurance to the consortium and help in surfacing vulnerabilities.

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