Blockchain can relieve life of a great deal of time-consuming bureaucracy. It can advance the integrity of legally significant interactions. It can hold swindlers and scammers accountable, and increase government transparency.
Now blockchain is moving in to fight crime and uphold justice with smart law.
“Smart” Law and Governance Are Already Here
The government of Dubai is embracing high technology. It’s established a Smart Dubai Office, which plans to put government operations on blockchain by 2020. Dubai’s immigration and visas office is already at work developing blockchain passports to replace manual inspections.
And now, a court in the United Arab Emirates that hears cases involving international finances is devising a court that runs on blockchain.
Connecting with the government-backed Smart Dubai initiative, the courts of the Dubai International Financial Center (DIFC) are developing a blockchain court. It will do away with costly, time-sucking chores such as document copying.
With court data on blockchain, information is instantly verifiable and shareable. The goals? To combat fraud and streamline international law enforcement in unprecedented ways.
Since many governments are already saving money with blockchain in some areas, smart law could allow them to advance justice as well.
Can India’s Agencies Fight Fraud and Become Models of Transparency?
Meanwhile, India’s state of Telangana (capital city: Hyderabad) has piloted blockchain-based pension and real estate databases to bring transparency and cut red tape.
Blockchain could help people who need to keep track of their sensitive data or wish to follow the progress of vital government applications. Telangana’s blockchain-based land registry, when in general use, could help stamp out fraud. Anyone could identify land ownership using the ledger. We imagine the implications throughout the global real estate industry. For example, we could catch contract-related and billing fraud in the US instantaneously — not after a statute of limitations runs out.
It’s not hard to imagine how blockchain will enhance criminal justice. Access to blockchain-based data troves would be a complete game-changer in legal research and discovery.
Have Cyber Criminals Met Their Match?
Online commercial fraud, along with the $450 billion annual price we all pay for it, may be about to meet its match. Distributed ledger technology is designed to eliminate fraud in transactions. Therefore, we predict it’s only a matter of time before governments consider blockchain a standard method of halting data theft.
Cyber criminals can hobble commercial, educational, military, law enforcement and public-service operations throughout the world. Governments and businesses spend heavily to try to outsmart cyber criminals and recover from security breaches.
Now, transportation and traffic infrastructure is becoming “smart” and connected. If hackers attack these systems, the damage can be enormous.
This Is the Crime-Fighting Potential of Blockchain
With distributed ledger technology, criminal elements can find no centralized, vulnerable store of data. People who unwittingly offer data or open a database to hackers will no longer put businesses and governments at risk.
If someone tampers with blockchain, any alteration is immediately obvious — and instantly eliminated. False transactions carry the digital signatures of their authors, who are forever linked, cryptographically, to their misdeeds.
At Renovatio PR, we anticipate a sea of change in the way everyday transactions occur, and the ramifications for civil and criminal justice wherever bad actors are afoot. We welcome your interest in collaborating with us in new blockchain applications, as the technology establishes the first genuinely transparent environment for human interactions.