ADGM Launches New Mediation in the Metaverse Service
On 11th November 2022, the Abu Dhabi Global Market (ADGM) Arbitration Centre launched the world’s first – mediation in the metaverse service. This service aims to transform the delivery of mediation worldwide.
International and local parties can benefit from these mediation services and get a virtual space for mediation. Using innovative Web3 technology, this service allows parties to access 3D office spaces. Users can access this mediation space through desktop or mobile devices. Not only will this mediation space mimic the physical space within the ADGM Arbitration Centre, but it also helps parties integrate into the space and contribute to the mediation proceedings.
The salient features of the mediation in the metaverse services are as follows:
The launch of the new metaverse mediation service is good news for dispute resolution in ADGM and the GCC belt. The ADGM’s long-term goals are to foster economic and financial growth by developing world-class technological, intellectual, and physical infrastructure in its jurisdictions.
ADGM courts have a formidable reputation for transforming the dispute resolution services sector (civil and commercial disputes), especially after the establishment of the e-courts platform in 2018. While developing the ADGM Arbitration Centre, the authorities had a digital-first vision. Thanks to this digital vision, ADGM serves the community with a thought leadership approach while providing bespoke services to clients.
Empowered with state-of-the-art technology and world-class infrastructure, we aim to effectively mediate local and international disputes. The future looks bright for dispute resolution, and ADGM aims to play a pivotal role in it.
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