Abu Dhabi Global Market (ADGM) continues to demonstrate its dominance in digital innovation by launching a pioneering initiative, "Mediation in the Metaverse". The ADGM Arbitration Centre, a unique digitised space for hearings and mediations, developed this revolutionary platform, which is set to redefine the landscape of dispute resolution by using cutting-edge extended reality (XR) technologies.
Abu Dhabi Finance Week delegates were able to experience the Metaverse service, which connects all corners of the globe with a click of a button. The platform provides an immersive and secure environment for mediation, fortified with advanced security protocols.
The service is designed to be as intuitive and interactive as possible, equipped with video avatars of all participants embedded within the virtual environment, enabling a near real-world experience. Features include private virtual reality rooms, bespoke mediator controls, as well as secure document presentation facilities.
Linda Fitz-Alan, Registrar and CEO of ADGM Courts said, “In keeping with our commitment to be unique and make a sustainable impact across all forms of dispute resolution, the Metaverse service is our next exceptional move to transform mediation across the world. This is not aspirational - this is a reality, and this is a game changer for parties wishing to dictate the destiny for the resolution of their dispute. This is all about the future and the ADGM Arbitration Centre staying in synch in every way possible with our investors, businesses and dispute resolution community.”
The Metaverse service reflects ADGM’s continued efforts to support the acceleration of the UAE's green economy agenda by eliminating travel and reducing carbon emissions in dispute resolution. This is the first iteration of the Metaverse platform, which is planned to increase its reach while rolling out the use of AI technologies.