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Abu Dhabi [UAE], November 16 (ANI/PRNewswire): Abu Dhabi Finance Week witnessed during its Fintech Abu Dhabi Festival the announcement by ADGM Courts of the first-ever introduction of blockchain technology for the global enforcement of commercial judgments. The blockchain solution will result in substantial time and cost savings for parties in the enforcement of their commercial judgments. Secure, immutable judgments will be immediately available to parties and enforcing courts, via ADGM's website, an API or directly on the blockchain for member courts. Parties will no longer need to wait for a certified copy of the judgment to start the process in the enforcing jurisdiction. This is a major development for international trade and commerce. Commenting on this transformational development, Linda Fitz-Alan, Registrar and CEO of ADGM Courts said; "Our vision has always been to massively transform the delivery of judicial services through technology. Our focus has now turned to en

News netNews release publishingAbu dhabi uaeOvember 16 ani prnewswire abu dhabi finance week witnessed during its fintech festival the announcement by adgm courts of first ever introduction blockchain technology for global enforcement commercial judgments solution will result in substantial time and cost savings parties their secureMmutable judgments will be immediately available to parties and enforcing courtsIa adgm 39s websiteN api or directly on the blockchain for member courts parties will no longer need to wait fora certified copy of judgment start process in enforcing jurisdiction this isa major development international trade and commerce commenting transformationalLinda fitz alanEgistrar and ceo of adgm courts said quot our vision has always been to massively transform the delivery judicial services through technology focus now turned enforcement respond pressing needs international business communityNd to drive sustainable change for the justice sector this trailblazing introduction of blockchain technology commercial courts underscores adgm and 39 reputation as leaders in digitisation is international financial centre capital city united arab emiratesHich opened for business on 21st october 2015 adgm augments abu dhabi 39s position asa leading financial centre anda hub serving strategic link between the growing economies of middle eastFrica and south asia the rest of world operating within an international regulatory framework based on direct application english common lawDgm governs the entire al maryah island which is designated as financial free zone of abu dhabi adgm progressive and inclusive business ecosystem gravitates toward global non institutions while leveraging synergies with multiple jurisdictions positioned one world 39s most advancedIverse and progressively governed financial hubs for more details on adgmLease visit www adgm com for media queries please contact simon hailes head of middle east edelman smithfieldm 971 50 973 1173e edelmansmithfield hajer altenaiji corporate communicationsDgme media adgm com this story is provided by prnewswire ani will not be responsible in any way for the content of article