DIFC and Smart Dubai To Launch Blockchain Based Legal System

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  • Dubai International Financial Centre (DIFC) Courts have partnered with Smart Dubai to create the world’s first ”Court of the Blockchain”

 

  • The blockchain-based judiciary system will allow verification of court judgments for cross-border enforcement

 

  • The DIFC Courts and Smart Dubai believe the new system will help streamline the judicial process, remove document duplications, and improve efficiencies across the entire legal ecosystem

 

  • Future research will focus on handling disputes arising out of private and public blockchains, with regulation and contractual terms encoded within the smart contract

 

  • “This taskforce is in line with our guiding principle to deliver courts as a service, powered by technology and extended through cooperation agreements and alliances. By harnessing blockchain technology, Dubai will be firmly positioned at the forefront of legaltech and judicial innovation, setting the standards for countries and judiciaries to follow”, said Amna Al Owais, Chief Executive & Registrar, DIFC Courts

 

  • Her Excellency Dr Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office (SDO), commented: “The emirate has become a global trailblazer in embracing advanced technologies and steering them towards the safety, comfort and happiness of our city’s residents and visitors. One of the most notable of these innovations is Blockchain, where the Dubai Blockchain Strategy seeks to run 100% of applicable government transactions on Blockchain by 2020.”

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