Paper Title
THE VALIDITY OF ARBITRATION CLAUSE IN SMART CONTRACTS: A STUDY IN BLOCKCHAIN ENVIRONMENT

Abstract
Smart contracts are defined as a self-executing digital agreement that deployed on blockchain network, and the obligations of each party are automatically enforced upon they agreed on all conditions. However, the main challenge encountered by such modernised contracts is the resolution of disputes arising in this environment. This issues attributes to its code-based nature and decentralised blockchain environment. Arbitration is considered as one of the main significant mechanisms of alternative dispute resolution. Arbitration offers essential benefits in contrast with litigation, i.e. it is less formal, flexible, faster, binding and enforceable, and proceedings confidentiality. The current research investigates the validity of arbitration clause in smart contracts in blockchain environment. It aims to investigates to which extent the arbitration clause that embedded in code complies with the traditional arbitration laws’ requirements. To achieve the aims of the current study descriptive analytical methodology will be applied through investigating the current legal frameworks in arbitration and evaluate the extent to what the implantation of arbitration in smart contracts will be effective and guarantee the fairness and transparency. Keywords - Smart Contract, Arbitration, Clause of Arbitration, Validity.