- Law firm seeks to lead by example and become part of Dubai’s prestigious ‘Blockchain Strategy’
- Group intends to blaze the trail in the legal world by taking first steps toward being digitally smart
- The blockchain-based platform enables legal documents within the chain to become the single source of truth
The Dubai based Araa Group of Advocates and Legal Consultants has blazed a new trail in the legal profession by becoming a digitally smart legal office. By adopting blockchain technology, the firm intends to lead by example in entering the new era of digitalization.
First in Dubai
The Araa Group revealed in a press release they have partnered with e-Mal blockchain platform to become the first law firm to venture technically into the world of blockchain in their legal practice. Through the initiative, Araa hopes to become a part of Dubai’s prestigious Blockchain Strategy. The founder and chairman of the group, Abdallah Al Nasser, said in an official statement:
“Araa law is extremely excited to be entering a new era where digitalization is so pronounced in our current society […] the inspiration to us to move into Blockchain and use local companies like e-Mal, who lead the vision. We will be showcasing our first smart contract and look forward to leading the way for the legal world by making this first step toward digital smart processes.”
e-Mal’s founder and Chief Executive Officer Yasmine Khan noted that it was time for interrogating the core of every industry from the bottom up whether it was on-boarding end users or analyzing the industry’s former and current processes. Yasmine said he believed it is important to create partnerships that bring sustainable growth to enable the whole community to achieve the best standards of living. The CEO stated that:
“By signing the partnership with Araa, e-Mal will bring more efficiency and uniformity in contracting like by OpenLaw, ContractCode, Integra Ledger within the Legal Industry. By introducing the blockchain based platform, legal documents within the chain will now be a ‘single source of truth’ within the legal blockchain.”
Notary Services on the Blockchain
e-Mal is a blockchain-based digital platform that links financial services and utility services in a single platform, creating full-fledged, blockchain based (written in Smart Contracts) transaction hubs. e-Mal Coin, launching as EML Token will be the digital currency of e-Mal, which is the enabler of e-Mal Digital wallet and services on boarded on each of the hubs.
The blockchain-based services including notary services that will help to create immutable records that are time stamped and that will leave no room for disputes. The Araa group looks forward to a future where the legal industry in the U.A.E will see a paradigm shift and lawyers will focus on complex agreements using smart contract codes for their day-to-day contact work in Dubai. According to the Wall Street Blockchain Alliance, Araa Group’s interest in Blockchain grew in 2017 and the legal industry is now one of the fastest growing industries to join the blockchain network.
