Dubai To Use Blockchain To Improve Court Systembr>
The Dubai International Financial Center Courts (DIFC), a court system dealing with civil and commercial disputes, is planning to create the “first blockchain court” to streamline legal operations.
The DIFC announced on Monday that it will be partnering with the government-backed Smart Dubai initiative to create a joint taskforce that will explore how to aid verification of court judgments for cross-border enforcement. The main objective is to build a blockchain-powered future for the judiciary which will have far-reaching benefits, including streamlining the judicial process, removing document duplications, and driving greater efficiencies across the entire legal ecosystem.
“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,” said Amna Al Owais, Chief Executive and Registrar at DIFC. “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 taskforce will investigate handling disputes arising out of private and public blockchains, with regulation and contractual terms encoded within the smart contract. They will tackle how to develop smart contracts that would “incorporate logic and allow for various forms of exceptions and conditions,” thereby mitigating the irrevocability of smart contract-powered transactions and allowing “for seamless and efficient dispute resolution.”
“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,” said Her Excellency Dr Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office (SDO). “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. An invention of this calibre and potential requires an equally disruptive set of rules and an empowered institution to uphold them. This is where our partnership with DIFC Courts comes in, allowing us to work together and create the world’s first disruptive court, helping to truly unlock the power of blockchain technology.”