Global Class Actions: Towards a Blockchain-Based Dispute Resolution System

S. Kaya () and E. Şahin-Şengül ()
Additional contact information
S. Kaya: Boğaziçi University
E. Şahin-Şengül: Boğaziçi University

Journal of Consumer Policy, 2024, vol. 47, issue 1, No 2, 49 pages

Abstract: Abstract Mass injuries caused by the violations of multinational firms are becoming more and more common in today’s globalised economy as goods and services are sold worldwide, and the harm these goods and services cause affects many widely scattered victims in different countries. Even if the same or almost identical factual situations injure consumers worldwide, whether they obtain any remedies varies from jurisdiction to jurisdiction as each country designs its class action procedure differently. In order to overcome jurisdictional variations and compensate consumers with small claims in a more effective and efficient manner, this article deliberates on the idea of incorporating blockchain-based dispute resolution methods into class action proceedings. In this light, the article discusses to what extent blockchain-based dispute resolution systems can be used in class actions to provide better access to justice to consumers at the global level.

Keywords: Blockchain-based dispute resolution; Class actions; Consumer damages; Access to justice; Online dispute resolution (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10603-023-09553-8 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jcopol:v:47:y:2024:i:1:d:10.1007_s10603-023-09553-8

Ordering information: This journal article can be ordered from
http://www.springer. ... es/journal/10603/PS2

DOI: 10.1007/s10603-023-09553-8

Access Statistics for this article

Journal of Consumer Policy is currently edited by Hans Micklitz, John Thøgersen, Lucia A. Reisch, Alan Mathios and Christian Twigg-Flesner

More articles in Journal of Consumer Policy from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().