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 notarization events will now be logged and immutably timestamped on the Hedera public blockchain to ensure their authenticity. The DIFC Courts also confirmed the documents will be converted into verifiable credentials that are fully compliant with the Ethereum ERC20 standard.
The Big Picture: A Key Signal for the RWA Sector
This move represents one of the most significant real-world use cases for public blockchains in a core government function to date.
Related: Ripple Expands to UAE: DIFC Partnership & $1B XRP Fund
What does this mean for business confidence in Dubai?
Justice Omar Al Mheiri, Director of the DIFC Courts, stated that the new services align with the government’s strategy to “build confidence among businesses and investors.”
This integration of public blockchains into a core legal system is a powerful signal to the global market, and it comes as the financial center has already taken major pro-crypto steps, including greenlighting Ripple’s $RLUSD stablecoin.
Related: Dubai Regulator DFSA Greenlights Ripple’s $RLUSD Stablecoin for Use in Financial Centre
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