ABU DHABI: Abu Dhabi Finance Week witnessed throughout its Fintech Abu Dhabi Festival the announcement by Abu Dhabi Global Market (ADGM) Courts of the first-ever introduction of blockchain expertise for the worldwide enforcement of economic judgments.

The blockchain answer will lead to substantial time and value financial savings for events within the enforcement of their business judgments. Secure, immutable judgments shall be instantly obtainable to events and imposing courts, by way of ADGM’s web site, an API or straight on the blockchain for member courts. Parties will not want to attend for an authorized copy of the judgment to begin the method within the imposing jurisdiction. This is a serious improvement for worldwide commerce and commerce.

Commenting on this transformational improvement, Linda Fitz-Alan, Registrar and CEO of ADGM Courts, mentioned, “Our imaginative and prescient has all the time been to massively remodel the supply of judicial companies by way of expertise. Our focus has now turned to enforcement to reply to the urgent wants of the worldwide enterprise neighborhood, and to drive sustainable change for the justice sector. This trailblazing introduction of blockchain expertise for business courts underscores ADGM and ADGM Courts’ fame as leaders within the digitisation of justice.”