Online Arbitration is a form of alternative dispute resolution that takes place entirely over the Internet. This involves the use of online platforms to conduct arbitration proceedings including the presentation of evidence the exchange of documents and the rendering of a final decision by an arbitrator or panel of arbitrators.

                                                                                            Online arbitration offers several advantages over traditional arbitration including increased convenience and accessibility for the parties. It allows parties to participate in the arbitration process from anywhere in the world without the need to physically travel or meet in person.            

Additionally online arbitration can be faster and more cost effective than traditional arbitration as it eliminates the need to travel and reduces administrative costs. 

Online arbitration can also be more flexible allowing parties to tailor the process to their specific needs.

However online arbitration has its own drawbacks including potential privacy and security issues.

The future of online arbitration looks bright as more organizations turn to online platforms to resolve disputes. The use of online arbitration is expected to increase in the coming years as it offers many advantages over traditional methods of dispute resolution. 

In addition, the development of online dispute resolution systems such as those offered by the wipo Arbitration and Mediation Center helps to make online arbitration more accessible and secure.

As technology continues to advance it is likely that online arbitration will become an even more popular and effective method of dispute resolution.