Blockchain technology is anticipated to impact numerous facets of everyday life. The technology is leading innovation in currency and has been integrated into sectors such as government and entertainment and is now impacting the legal system.
The United Arab Emirates could soon be the first country to create world's first court of blockchain. Dubai International Financial Centre (DIFC) Courts and Smart Dubai have assembled a task force that will create a blockchain based dispute resolution system. The integration of blockchain technology into the UAE legal system could enable more accurate verification of court judgments for cross-border enforcement.
"This task force 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, the Chief Executive & Registrar of the DIFC Courts. "By harnessing blockchain technology, Dubai will be firmly positioned at the forefront of legal tech and judicial innovation, setting the standards for countries and judiciaries to follow.”
These are only preliminary steps being taken for the integration of blockchain into the judiciary system. The use of blockchain in judiciary could help streamline processes, remove document duplication and drive greater efficiencies across the legal ecosystem.