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Dubai to launch ‘world’s first blockchain court’


The Dubai International Financial Center (DIFC) courts will reportedly launch the world’s first blockchain court.

The aim of this project is to find out how blockchain is beneficial in verifying court judgements that are implied in courts other than DIFC, according to local media reports.

Blockchain is an electronic transaction process. It gives people the ability to follow up with their information and verify everything themselves without the involvement of a third party.

“By harnessing blockchain technology, Dubai will be positioned at the forefront of legal-tech and judicial innovation, setting the standards for countries and judiciaries to follow,” said Amna Al Owais, chief executive and registrar of DIFC Courts.

 

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Last Update: Sunday, 12 August 2018 KSA 14:24 – GMT 11:24





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