Analyzing The Technological Influences Towards Resolution of International Disputes in Modern Businesses

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@article{1710537,
      author = {Uzor Chijioke Esq.},
      title = {Analyzing The Technological Influences Towards Resolution of International Disputes in Modern Businesses},
      journal = {Iconic Research And Engineering Journals},
      year = {2025},
      volume = {9},
      number = {3},
      pages = {672-684},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1710537.pdf},
      abstract = {The fast pace of globalization of trade has, of course, increased the frequency and complexity of cross-border commercial conflicts. Traditionally, these conflicts were settled by judicial process or arbitration, but in recent years substantial disruption of dispute resolution processes has been caused by technological developments. This essay analyzes the contribution of technology in the resolution of global conflicts in modern-day businesses, with focus on technologies like Online Dispute Resolution (ODR), artificial intelligence, blockchain, virtual hearings, and cybersecurity measures. It observes the ways these technologies make processes efficient, effective, and transparent as well as overcoming inherent limitations like cybersecurity vulnerabilities, digital divides, jurisdictional enforcement loopholes, and resistance from traditional legal institutions. Comparative experience is derived from leading jurisdictions such as the United States of America, United Kingdom, European Union, and Singapore, whose adoption of technology in resolving disputes has been more intensified. Case studies such as online platforms making use of ODR and virtual hearings usage by the International Chamber of Commerce illustrate growing significance of technology in settling international disputes. The article argues that technology not only accelerates and de-cools dispute settlement but also opens up access to justice for business, especially in cross-border transactions. However, it underlines that in the absence of adequate legal provisions, harmonization of standards in enforcement, and investments in digital infrastructure, the potential of such innovation may remain unfulfilled. The study concludes that for modern businesses, embracing technology in dispute resolution is not merely a competitive edge but a new norm in the emerging global economy.},
      keywords = {International Dispute Resolution, Online Dispute Resolution (ODR), Artificial Intelligence, Blockchain, International Business, Technology in Law, Cross-Border Disputes, Cybersecurity, Modern Businesses},
      month = {September},
      doi = {https://doi.org/10.64388/IREV9I3-1710537-069}
  }