Do decentralized arbitration markets like Aragon satisfy the noahide mitzvah to set up courts?
Context: Aragon is a decentralized arbitration market, rather than being tied to any one nation-state it is borderless, blockchain-based and Internet-native. Anyone can participate and become an arbitrator(judge) and anyone can submit their dispute to the market(court). The mechanism for deciding disputes is a novel Schelling, stake-based mechanism, I presume this has bearing on it's halachic status.
Aragon bills itself as "the first Digital Jurisdiction". But it's very likely that several "competitors" will pop up.
Perhaps an additional question: what bearing, if any, could systems like Aragon have on rabbinical courts?