{"id":40528,"date":"2022-11-16T11:00:54","date_gmt":"2022-11-16T15:00:54","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=40528"},"modified":"2022-11-16T11:00:57","modified_gmt":"2022-11-16T15:00:57","slug":"adgm-courts-adopts-blockchain-to-expedite-business-verdicts","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/adgm-courts-adopts-blockchain-to-expedite-business-verdicts\/","title":{"rendered":"ADGM Courts Adopts Blockchain To Expedite Business Verdicts"},"content":{"rendered":"\n
ADGM Courts aims to massively transform the delivery of judicial services while introducing blockchain technology <\/a>for commercial courts.<\/h5>\n\n\n\n
\"ADGM
ADGM Courts Adopts Blockchain To Expedite Business Verdicts<\/figcaption><\/figure>\n\n\n\n

Blockchain technology has been implemented by a judicial body formed by United Arab Emirates<\/a> (UAE) Federal Decree to reduce the time and expenses associated with the enforcement of business decisions.<\/p>\n\n\n\n

Blockchain technology has been adopted by ADGM Courts, a body that serves the financial regulator Abu Dhabi Global Markets (ADGM), to help the parties in the legal process save a lot of time. <\/p>\n\n\n\n

Assessing different financial risks and handling commercial \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>challenges in business are both aspects of making commercial judgments. Blockchain technology will enable courts and parties to instantly obtain commercial judgements, simplifying the legal procedures for cross-border trade and commerce.<\/p>\n\n\n\n

Linda Fitz-Alan, the registrar and CEO of ADGM Courts, explained the new development and emphasized that the company's main goal is to use technology to transform judicial services.<\/p>\n\n\n\n

\n

\u201cOur focus has now turned to enforcement to respond to the pressing needs of the international business community and to drive sustainable change for the justice sector,\u201d Added Fitz-Alan. <\/p>\n<\/blockquote>\n\n\n\n

The ADGM Courts CEO also pointed out that using blockchain for commercial courts will enhance the company's standing as a pioneer in the digitization of justice. <\/p>\n\n\n\n

An autonomous body called ADGM Courts is in charge of resolving civil and business issues. The company offers service to ADGM, the financial watchdog based in Abu Dhabi's capital. <\/p>\n\n\n\n

Across the meantime, the ADGM economic free zone saw the formation of a new blockchain and cryptocurrency<\/a> association that intends to create blockchain and cryptocurrency ecosystems in the Middle East, North Africa, and Asia.<\/p>\n\n\n\n

The nonprofit group, known as the Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA), will support the creation of regulatory solutions, new business prospects, and educational investments.<\/p>\n\n\n\n

A Chainalysis research released on October 5 outlined how the Middle East and North Africa (MENA) region. The report shows that in 12 months, from July 2021 to June 2022, users in the MENA region received $566 billion worth of cryptocurrencies, a growth of 48% compared to 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

ADGM Courts aims to massively transform the delivery of judicial services while introducing blockchain technology for commercial courts. Blockchain technology has been implemented by a judicial body formed by United Arab Emirates (UAE) Federal Decree to reduce the time and expenses associated with the enforcement of business decisions. Blockchain technology has been adopted by ADGM […]<\/p>\n","protected":false},"author":43,"featured_media":40531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[414,1394],"class_list":["post-40528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-court","tag-uae"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/jpg_20221116_154133_0000.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/40528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=40528"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/40528\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/40531"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=40528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=40528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=40528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}