Part 8/18:
He demonstrates how a transaction could be locked with a time delay—say, 30 days—to allow for dispute resolution. If everything proceeds normally, funds are released automatically; if not, the buyer can invoke an arbitration process, executing a refund, effectively recreating the familiar chargeback process with greater security, transparency, and decentralization. These features are market-driven, open to a variety of arbitrators or third-party providers, replacing the monopolized dispute systems of legacy finance.