The Dubai International Financial Centre( DIFC) Courts have partnered with Smart Dubai to produce what they say is the world’s first “ Court of the Blockchain ”. According to the press release on 30 July, they will originally explore how to prop verification of court judgments for cross-border enforcement. They say they plan to produce a blockchain- grounded court designed to streamline the judicial process, remove document duplications and among other technicalities will probe handling controversies arising out of private and public smart contracts.
The press release says that blockchain- grounded smart contract deals are irrevocable and there’s no specialized means to decompress a sale. The common taskforce will aim to model smart contracts across the blockchain that incorporate sense and allow for colorful forms of exceptions and conditions for flawless and more effective disagreement resolution.
In 2017 the DIFC Courts, in cooperation with Dubai Future Foundation, launched the Courts of the Future Forum, aiming to design guidelines and prototype a marketable court that could operate anywhere worldwide. In 2018, the Forum increased its accreditation to extend this action to other global marketable courts, and to engage specialist technology sector and private sector participation, creating working groups to probe areas similar as blockchain.
