An announcement made Monday, July 30, has revealed the partnership between Dubai’s International Financial Center (DIFC) and a government-established, Smart Dubai, in what seems as an effort to implement blockchain technology within the court system.
The project dubbed, “Court of the Blockchain” will be addressing tedious documentation processes that prolong the entire court system. Simply put, the duo is seeking a decentralized way in which court officials can exchange information that remains accurate throughout the process. Ideally, the plan is to eliminate hand-made documents, and directly storing crucial information on the blockchain, which will not only help to reduce costs, but also maximize on efficiency.
As a starting point, the duo will be directing most of their attention on the necessary research and development to understand how court data and blockchain technology can unify into one. Based on the information released, smart contracts will be playing a fundamental role in “regulation and contractual terms”. It was also shared that,
“Future research will combine expertise and resources to investigate handling disputes arising out of private and public blockchains.”
Director General of Smart Dubai, Dr Aisha Bint Butti Bin Bishr expressed that the efforts in place have a set goal, that is, to transition all governmental data and related matters onto the blockchain by 2020. She further expressed interest in working alongside DIFC Courts, which she trusts will induce “the world’s first disruptive court, helping to truly unlock the power of blockchain technology.”
This is one of several steps that Dubai has taken to gradually implement the blockchain technology within governmental infrastructures. According to Coin Desk’s reporting, Dubai’s Immigration and Visas Department has been considering the technology since some time last year to facilitate competent passport checks. Similarly, Dubai’s Department of Economic Development was also assessing blockchain’s usefulness within the business sector.
Do you think Dubai will be able to achieve its blockchain goal by 2020?