Gitex Global 2022: DIFC Courts launches global digital vault ‘tejouri’

Dubai International Financial Centre (DIFC) Courts has launched ‘tejouri’, a global digital vault at Gitex Global.

Attendees witnessed live demonstrations showcasing the new platform’s functionality and security protocol features at the show.

The new digital vault will enable the upload and secure storing of documents ranging from insurance contracts, title deeds, wills, and financial certificates, to images and multimedia files and can be utilised by all individuals globally.

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

Using distributed ledger technology (DLT), tejouri can ensure the transmission of your entire portfolio to your designated stakeholders, or loved ones, at a key time. It provides a unique platform that functions simultaneously as a cloud vault and an online safe for data, supported by an onsite DIFC data centre and a secondary UAE-based backup data centre.

Access to all data will be restricted to the ‘vault holder’ and the listed intended recipients, guaranteeing zero knowledge proof privacy principles.

Justice Omar Al Mheiri, director, DIFC Courts, said: “In our new digitally driven societies, we are all accumulating mass amounts of important documentation, whether it is for professional, or personal purposes. tejouri has been engineered to help address issues of storage and security of these documents and to enable individuals to now transfer this data to one secure location. The DIFC Courts, together with its public and private sector partners, is proud to be able to offer this distinctive service to the public, and to help contribute to a safer digital environment for all.”

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

Deca4 Advisory also supported DIFC Courts with road mapping the tejouri service experience development.