Dubai eyes ‘Court of the Blockchain’

The Dubai International Financial Centre wants to create a blockchain-powered judiciary

Dubai eyes ‘Court of the Blockchain’

The Dubai International Financial Centre (DIFC) has partnered with the Smart Dubai initiative to develop what the allies call a “Court of the Blockchain.”

The initiative will look into how blockchain technology could be used to verify judgments for cross-border enforcement. It will also look at streamlining the judicial process, removing document duplications, and making the legal ecosystem more efficient.

The partnership will also look at how to handle disputes connected to private and public blockchains, using smart contracts for regulation and contractual terms.

“This task force is in line with our guiding principle to deliver courts as a service, powered by technology and extended through cooperation agreements and alliances,” said Amna Al Owais, DIFC chief executive and registrar.

“By harnessing blockchain technology, Dubai will be firmly positioned at the forefront of legal tech and judicial innovation, setting the standards for countries and judiciaries to follow,” she said.

The taskforce will also work to model smart contracts across the blockchain that incorporate logic and allow exceptions and conditions to the fit dispute resolution process.


Related stories:
Why one of Australia’s oldest law firms is now accepting Bitcoin payments
National firm helps launch cryptocurrency


Recent articles & video

Thomson Geer partner on the biggest impact of the Bruce Lehrmann defamation ruling

Federal Court rules in ASIC's favour against Cigno Australia, BSF Solutions

Senior appointments strengthen CBP offerings

Legal orgs team up to aid community legal centres

HSF environment, planning and communities group partners with CEIG on report

New metric developed to assess socioeconomic challenges of US law school applicants

Most Read Articles

NSW Supreme Court sets trial date for landmark strip search class action

K&L Gates Advises Centuria on acquisition of massive glasshouse in Victoria

Hall & Wilcox assists Tobii Dynavox to acquire Link Assistive for $13m

Pearce IP's AU litigation head shares the most important lesson she learned from her old job