DIFC Courts launches ‘tejouri’ – a digital vault at GITEX 2022 – ITP.net

DIFC Courts launches ‘tejouri’ – a digital vault at GITEX 2022 – ITP.net

The Dubai International Financial Centre (DIFC) Courts has launched a digital vault ‘tejouri’ which enables the secure storage of documents ranging from insurance contracts, tile deeds, Wills, and financial certificates.

All uploaded files will be secured under security regulation, using multiple factors of authentication, encrypted data, personalised biometric information and safe-keeping ledgers through advanced cryptography.

Ayesha Bin Kalban, the acting registrar for DIFC Courts

Speaking to ITP.net, Ayesha Bin Kalban, the acting registrar for DIFC Courts, said that the digital vault allows users to upload and safe keep their digital assets.

“Users can upload files – documents and multimedia files – to a zero-knowledge proof platform, which allows those documents to be retained for 25 years, which is renewable, if required.

“At the time of the user’s passing those encrypted data will be passed on to nominated recipients as soon as a death certificate is issued by the Ministry.”

She also noted that the files are protected under two layers of authentification.

The global repository was launched with the support of the HBAR Foundation, specialists in building Distributed Ledger Technology ecosystems, with Hedera technology being used by the DIFC Courts to construct a bespoke DLT architecture and establish access to a decentralised trust application.

Deca4 Advisory also supported