World’s first Block- chain Structured Court In Dubai.
Author : Anjali Bablani
The Dubai International financial centre (DIFC) and Smart Dubai has come together to fashion the world’s first “ Court of block chain “ to explore how to foster verification of the court judgements for international enforcement.
The Association is the originator for the move in creating a Block chain Structured outlook for the judges, world’s first, which will possess certain economic benefits for future, as well as reorganisation of the discriminating process, removing multiple and unnecessary files , and promotes better efficiencies around the complete officially permitted system.
“Block chain is an electronic transaction process, it gives people the capacity to track their information and verify the whole lot by themselves without the involvement of any agent”
Amna Al Owais, chief executive and registrar of DIFC courts, states “ By harnessing block chain technology, Dubai will be positioned at the head of legal technology and clever innovation, which will set the principles for countries and judiciaries to follow the same” He further added, the task force is in ancestry with our guiding factor to save courts as a service, powered by technology and comprehensive through cooperation agreements and alliances”.
Aisha Bint Butti Bin Bishr, director general of the Smart Dubai office, said that “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 innovations is blockchain, where the Dubai Blockchain Strategy seeks to run all applicable government transactions on blockchain by 2020, she added.
About the DIFC Courts
The UAE’s DIFC Courts administer a unique English-language common law system – offering swift, independent justice to settle local and international commercial or civil disputes. The Courts, based in Dubai, provide certainty through transparent, enforceable judgments from internationally-recognised judges, who adhere to the highest global legal standards. The DIFC Courts are independent from, but complementary to, the UAE’s Arabic-language.
Civil law system – offering a choice that strengthens both processes while ensuring public access to world-class justice. In October 2011, a decree of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and Ruler of Dubai, opened the DIFC Courts’ jurisdiction to businesses from all across the GCC region and beyond to provide the international business community with access to one of the most advanced commercial courts in the world. The DIFC Courts were established under laws enacted by the late HH Sheikh Maktoum bin Rashid Al Maktoum, Ruler of Dubai in September 2004. The laws establishing the DIFC Courts are designed to ensure that the DIFC Courts provide the certainty, flexibility and efficiency expected by Court users. Nearly 1,180 cases have been resolved through the DIFC Courts since 2008, while over 90% of Small Claims Tribunal cases are concluded within three weeks. The Courts’ community-focused approach encourages early settlement, while their successful track record supports Dubai’s growing status as an international business hub. In line with HH Sheikh Mohammed’s vision, the DIFC Courts serve to develop the UAE national workforce and enhance the competitiveness of Emirati advocates. The DIFC Courts are spearheading training programmes predominantly aimed at local Emirati lawyers, which offer knowledge of, and qualifications in, the English-language common law system.