The Dubai International Financial Center (DIFC) Courts announced on Monday that it is teaming up with the government-backed Smart Dubai initiative to form a task force that will focus on developing the blockchain-based legal platform.
The DIFC said the goal is to employ a network based on blockchain and smart contracts to allow different courts to share information in a decentralized manner. With the system, it said, the need to carry out manual tasks such as document duplication will be eliminated, bringing a higher level of efficiency to the current system.
As an initial step, the two partners said the task force will focus on an R&D effort to put court judgement data on a blockchain so institutions can verify and share information in real-time for better cross-border law enforcement.
“Future research will combine expertise and resources to investigate handling disputes arising out of private and public blockchains, with regulation and contractual terms encoded within the smart contract,” according the the release.
The effort comes as part of the Dubai’s wider push to bring smart innovations to its government operations.
The Smart Dubai Office’s director general, Dr Aisha Bint Butti Bin Bishr, explained in today’s announcement that Dubai’s blockchain strategy “seeks to run 100 percent of applicable government transactions on blockchain by 2020.” […]