Dubai’s DIFC Courts to Use Hedera, Ethereum’s ERC20 for New Notary Service
- The Dubai International Financial Centre (DIFC) Courts have launched new blockchain-backed legal services
- Notary events will be logged and timestamped on the Hedera public blockchain to ensure authenticity
- Notarized documents will be issued as verifiable credentials compliant with the Ethereum ERC20 standard
The Dubai International Financial Centre (DIFC) Courts have launched new legal services that integrate public blockchains, a major development for the real-world asset (RWA) sector.
The new framework, launched under a new Dubai law, will use the Hedera network and Ethereum’s ERC20 standard to verify and secure official documents.
Breakdown of the New Blockchain-Powered Services
The new offerings are designed to expand access to justice and provide high-tech solutions for businesses and residents operating under the DIFC’s English common law framework.
What is the new Notary Service?
The “first-of-its-kind” Notary Service in the UAE for English-language documents will allow for the witnessing of oaths and the certification of documents through automated, virtual, or in-person sessions.
How will blockchain secure the documents?
All notari…
The post Dubai’s DIFC Courts to Use Hedera, Ethereum’s ERC20 for New Notary Service appeared first on Coin Edition.
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Dubai’s DIFC Courts to Use Hedera, Ethereum’s ERC20 for New Notary Service
- The Dubai International Financial Centre (DIFC) Courts have launched new blockchain-backed legal services
- Notary events will be logged and timestamped on the Hedera public blockchain to ensure authenticity
- Notarized documents will be issued as verifiable credentials compliant with the Ethereum ERC20 standard
The Dubai International Financial Centre (DIFC) Courts have launched new legal services that integrate public blockchains, a major development for the real-world asset (RWA) sector.
The new framework, launched under a new Dubai law, will use the Hedera network and Ethereum’s ERC20 standard to verify and secure official documents.
Breakdown of the New Blockchain-Powered Services
The new offerings are designed to expand access to justice and provide high-tech solutions for businesses and residents operating under the DIFC’s English common law framework.
What is the new Notary Service?
The “first-of-its-kind” Notary Service in the UAE for English-language documents will allow for the witnessing of oaths and the certification of documents through automated, virtual, or in-person sessions.
How will blockchain secure the documents?
All notari…
The post Dubai’s DIFC Courts to Use Hedera, Ethereum’s ERC20 for New Notary Service appeared first on Coin Edition.
Read More