The UAE regulator adopts blockchain technology to save time and money

While introducing blockchain technology for commercial courts, ADGM Courts CEO Linda Fitz-Alan stated that the company’s goal is to “massively transform the delivery of judicial services.”

A judicial authority established by a Federal Decree of the United Arab Emirates (UAE) has adopted blockchain technology to save time and money in the enforcement of commercial judgments.

ADGM Courts, an authority that supports the financial regulator Abu Dhabi Global Markets (ADGM), has implemented blockchain technology to help the parties in the judicial process save significant time.

Commercial judgments entail assessing various financial risks and dealing with business commercial issues.

Digitization via blockchain technology will enable courts and parties to gain immediate access to commercial judgments, easing judicial processes for international trade and commerce.

Linda Fitz-Alan, registrar and CEO of ADGM Courts, explained the new development by emphasizing the organization’s primary goal of transforming judicial services through technology.

The ADGM Courts CEO also stated that introducing blockchain for commercial courts strengthens the organization’s reputation as a leader in justice digitization.

ADGM Courts is an independent authority in charge of resolving civil and commercial disputes. The organization provides assistance to ADGM, the financial regulator based in Abu Dhabi’s capital city.

Meanwhile, in the ADGM economic free zone, a new blockchain and crypto association was launched with the goal of developing blockchain and crypto ecosystems in the Middle East, North Africa, and Asia.

The Middle East, Africa, and Asia Crypto & Blockchain Association (MEAACBA) will help facilitate regulatory solutions, expand commercial opportunities, and invest in education.