Rationale for changing the default EOS Arbitration Forum

This latest version of the Constitution has replaced the EOS Core Arbitration Forum (ECAF) with a new default Arbitration forum; the International Court of Arbitration of the International Chamber of Commerce (ICC). You can see all the changes to the Constitution here: https://github.com/EOSIO/eos/commit/ab30b771efa8d5efda3f6746ebe55a2e59085fdf#diff-3e7c13a8ffaa6d097827c0124007e558

Why?

With the launch of the Main Net quickly approaching, it was felt that the ECAF would not have the authority and capability to fully function as the default Arbitration Forum for the following reasons:

  • Token holders have not yet had a chance to fully review the ECAF and ratify it in a referendum
  • The ECAF is a new Forum that will still need Arbitrators to be appointed and trained
  • More work is required on the ECAF's organisational and funding structure

To ensure that there is a viable, default Arbitration Forum available at launch, the ICC has been selected.

What is the ICC? Why use its Arbitration Forum?

The ICC is an international business organisation whose Arbitration services are widely accepted for the resolution of international disputes.

The ICC's Arbitration rules share some similarities to the ECAF's proposed ruleset. More details on the ICC's International Court of Arbitration and its Rules for dispute resolution can be found here and here.

While the ICC does not have experience of arbitrating blockchain disputes (and to my knowledge no Arbitration Forum has), it does have vast experience in arbitrating complex, international, commercial disputes.

What next for the ECAF?

The ECAF will continue developing an Arbitration forum for the EOS Community by the Community. Once the ECAF's arbitral capabilities have matured, the intention is to seek a mandate from the Community (via a referendum) to change the default forum from the ICC to the ECAF.

Can I still use the ECAF?

Yes. With this change, the ICC is the default and senior forum. However developers are free to name the ECAF (or any other Arbitration Forum) as their preferred Forum in their smart contracts. Should they do so, the ICC will serve as a forum for appeal.

Comments

  • thomasbcoxthomasbcox Posts: 145 Sr. Member - 1/5 EOS Tokens

    Great update, thank you.

    If this was helpful, please UPVOTE. If not, please REPLY so I can improve.

    Thomas Cox
    blockchain governance expert - active in the EOSIO ecosystem
    US: +1 503.516.3886

    (all opinions are my own)

  • MortenMorten Posts: 27 Jr. Member - 1/5 EOS Tokens

    Great work,

    I think this is a good decision.

  • MartenRMartenR Posts: 1 Brand New

    Good News!

  • ShaheenShaheen Posts: 1 Brand New

    Is there something in place to fund the ICC arbitration costs at launch?

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