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Revolutionizing Arbitration in AdmiraltyLaw: Advancing Maritime Arbitrationwith Blockchain Technology
Alternative Dispute Resolution [“ADR”] is utilized to achieve quick justicewithout engaging in the Court’s procedures. Maritime professionals utilizethis method of resolving disputes due to its numerous benefits, includingmaintaining the confidentiality of their operations, avoiding jurisdictionaldisputes, and not requiring lengthy procedures.1 One more core aspect ofthis note would be about inculcating blockchain technology in maritimearbitration procedures.
