The Dubai court system tasked to oversee all civil and commercial disputes involving financial transactions both domestically and internationally is turning to blockchain technology to “create the world’s first disruptive court”.
The Dubai International Financial Center (DIFC) Courts has announced its plan “to create the world’s first Court of the Blockchain” in a partnership with the government’s Smart Dubai initiative that it says will fundamentally reshape the judicial process in the future. The pivot to a “blockchain-powered future” will bring “greater efficiencies across the entire legal ecosystem,” the authority said in a statement.
The two bodies will form a joint-taskforce to specifically develop a network built on blockchain technology and smart contracts to explore verification of court judgments and sharing of documents in real-time for efficient cross-border law enforcement. Beyond the initial step, other ‘far-reaching benefits’ include removing document duplication and streamlining the broader judicial process the release added.
DIFC Courts chief executive and registrar Amna Al Owais stated:
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.
The Smart Dubai Office (SDO) has notably pinned a sweeping transformative initiative dubbed the ‘Dubai Blockchain Strategy’ on decentralized technology for applications across multiple sectors including e-governance, a citywide payments system, Dubai’s entire land registry, passport-less travel for tourists and more.