Dubai, United Arab Emirates; 11 October 2022: The Dubai International Financial Centre (DIFC) Courts today announced the launch of a global digital vault. ‘tejouri’ was unveiled at GITEX Global, with live demonstrations showcasing the new platform’s functionality and security protocol features.
The new ‘digital home for your legacy’ will enable the upload and secure storing of documents ranging from insurance contracts, title deeds, Wills, and financial certificates, to images and multimedia files and can be utilised by all individuals globally.
All uploaded life admin files will be secured under the highest standards of security regulation, using multiple factors of authentication, encrypted data, personalised biometric information and safe-keeping ledgers through advanced cryptography. Using Distributed Ledger Technology (DLT), tejouri can ensure the transmission of your entire portfolio to your designated stakeholders, or loved ones, at a key time.
tejouri provides a unique platform that functions simultaneously as a cloud vault and an online safe for data, supported by a state-of-the-art onsite DIFC data centre and a secondary UAE-based backup data centre. Access to all data will be restricted to the ‘vault holder’ and the listed intended recipients, guaranteeing zero knowledge proof privacy principles.
His Excellency Justice Omar Al Mheiri, Director, DIFC Courts, said: “In our new digitally driven societies, we are all accumulating mass amounts of important documentation, whether it is for professional, or personal purposes. tejouri has been engineered to help address issues of storage and security of these documents and to enable individuals to now transfer this data to one secure location. The DIFC Courts, together with its public and private sector partners, is proud to be able to offer this distinctive service to the public, and to help contribute to a safer digital environment for all.”
The global repository was launched with the support of the HBAR Foundation, specialists in building Distributed Ledger Technology ecosystems, with Hedera technology being used by the DIFC Courts to construct a bespoke DLT architecture and establish access to a de-centralised trust application. Deca4 Advisory also supported the DIFC Courts with road mapping the tejouri service experience development.
Shayne Higdon, CEO, HBAR Foundation, said: “Hedera makes it cost-effective and practical to bring the security and accountability of a public ledger to the age-old challenge of document safekeeping, verification and sharing. The Dubai International Financial Centre (DIFC) Courts is demonstrating industry leadership in cost-effectively delivering next-generation digital services, saving people time, money, and headaches through this new digital vault, built on Hedera.”
Mohammed Mahfoudh, CEO, Deca4 Advisory, said: “We are privileged to have this opportunity to work on a project that enables the bridging of public and privates sector innovation. Our unique insight into service experience development ensures tejouri offers a new technological value proposition to the public.”
Established in 2004, the DIFC Courts is Dubai’s international English language common law judicial system and forms a key part of the legal system of the United Arab Emirates (UAE). It was established with the specific objective to enable the international community in the UAE to have greater confidence in the Emirate’s legal framework and to further strengthen investment and trade relations with Dubai and the UAE
In early 2021, the DIFC Courts confirmed the launch of a new Division. The international Digital Economy Court is aimed at simplifying the settlement process of complex civil and commercial disputes related to the digital economy, reviewing national and international claims related to current and emerging technologies, including big data, blockchain, cryptocurrencies, artificial intelligence, and cloud services.
In the first six months of 2022, Phase II of the Court Tech Lab initiative was launched, with the project R&D programme launched to position Dubai as the city that pioneers new industry-specific technologies.
Phase II involved a prototyping stage for two finalists, where they received financial support, as well as access to the DIFC Courts to research, test and adapt the technology solution. The finalists were FaceKi from Bahrain and CourtCorrect from the UK, who provided solutions to their assigned challenge.
Future research from the DIFC Courts will combine expertise and resources to investigate handling disputes arising out of private and public blockchains, with regulation and contractual terms encoded within the smart contract. Implications for cross-border data flows, digital and data governance, and ensuring protection and security of information for the business relationships that help drive the digital economy, are now being reviewed with accelerated intent.
For more information about the tejouri service, please visit www.tejouri.com
About the DIFC Courts
The UAE’s DIFC Courts administers a unique English-language common law system – offering swift, independent justice to settle local and international commercial or civil disputes. The Courts, based in Dubai, provide certainty through transparent, enforceable judgments from internationally-recognised judges, who adhere to the highest global legal standards. The DIFC Courts is independent from, but complementary to, the UAE’s Arabic-language civil law system, offering a choice that strengthens both processes, while ensuring public access to world-class justice.
The DIFC Courts was established under laws enacted by the late HH Sheikh Maktoum bin Rashid Al Maktoum, Ruler of Dubai in September 2004. The laws establishing the DIFC Courts are designed to ensure that the DIFC Courts provide the certainty, flexibility and efficiency expected by court users. The Courts’ community-focused approach encourages early settlement, while a successful track record supports Dubai’s growing status as an international business hub.
In October 2011, a decree of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE, and Ruler of Dubai, opened the DIFC Courts’ jurisdiction to businesses from across the GCC region and beyond to provide the international business community with access to one of the most advanced commercial courts in the world.
In line with HH Sheikh Mohammed’s vision, the DIFC Courts has also developed programmes to reinforce the UAE national workforce and enhance the competitiveness of Emirati advocates. The DIFC Courts is spearheading training programmes predominantly aimed at domestic Emirati lawyers, which offer knowledge of, and qualifications in, the English-language common law system.
About the HBAR Foundation
The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds - focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders - each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem. The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world’s largest problems, and create and control their own economies, all built on the Hedera public network. Whether you’re building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. For additional information, please visit https://hbarfoundation.org/.