Smart Dubai & DIFC Collaborate To Create “The First Blockchain-Court”

The Dubai International financial centre (DIFC) courts, a specialized court system that copes with commercial and trade disputes, has notified about the effort to create what will be “the first blockchain court.” The project is part of the Smart Dubai initiative, where partners use technology to “empower, deliver and promote an effective and safe experience for urban residents and guests .”

In the announcement of the project, Executive Director of the court of Dubai International financial center (DIFC) Amna Al Owais said that in the process of using  blockchain technology, Dubai will be firmly positioned in the front of legal technology and judicial innovation, setting standards for countries and the judiciary.

This kind of  cooperation  is the first and most important step in developing a future for a blockchain-based judicial system that will have ambitious advantages, such as  improving litigation, eliminating document duplication, and improving efficiency across the legal ecosystem.

This upcoming research will join experience and resources to investigate disputes arising from private and public blockchain with regulation and contractual terms encoded in the smart contract. Currently, transactions of blockchain-based smart contracts are irrevocable, and there is no technical means for unwinding the transaction.