Creating Global Financial Centers with Mark Beer

Creating Global Financial Centers with Mark Beer

Author: Mark Lutter December 14, 2020 Duration: 45:21

Creating and enforcing a watertight contract between two global parties is a challenging task. For starters, the world is rapidly evolving, and as a result, many contracts are in dispute. Though not unheard of, contract disputes are becoming commonplace and there is an increasing need to evolve systems. Today we talk with Mark Beer, a world-renowned buyer and once Chief Executive of the Dubai International Financial Centre’s Dispute Resolution Authority. We open the episode by taking a peek at the process behind setting up and running the Dubai International Financial Center. Mark tells us about customer segments, their habitual trust, and how to create trust in new systems. We then turn our eyes toward the future and dissect what a de-globalized world looks like. Mark touches on democracies, autocracies, and the rise in nationalism, as well as how new systems can and have been built without civil resistance. Stay tuned and you will hear Mark’s thoughts on the Belt and Road development project and the changing scope of global commerce systems. In the latter half of the episode, Mark describes oracles, their uses, and why digitization is a major catalyst for change. After hearing about AI-based judgment, we talk to Mark about the transsystemic system and dive into its characteristics before finding out how new, neutral financial systems are created. Toward the end of the show, we take a deeper look at these systems and uncover their favorable and less favorable characteristics. Be sure to tune in with us today!

Key Points From This Episode:

•   Introducing today’s guest, Mark Beer.

•   Mark tells us about the process behind setting up and running the Dubai International Financial Center.

•   The secret behind designing new systems that people will trust.

•   Why reforming a judiciary can take up to 14 years.

•   How the Belt and Road development project is altering the global scope of commerce.

•   Mark’s predictions for Belt and Road moving toward a smart contract landscape.

•   The need to build a court based on blockchain.

•   Why people are using oracles to help solve disputes.

•   Smart contracts cover many question marks before the fact.

•   Digitization as a way forward for many countries.

•   How AI-based judges are starting to make better decisions than human judges.

•   Hear why common law disputes take so much longer than civil law disputes.

•   The transsystemic legal system has been pioneered in Canada.

•   Mark tells us about the new financial center in Kazakhstan.

•   How neutral financial systems are created.

•   Why enforcement is at the heart of financial centers.

Links Mentioned in Today’s Episode:

Mark Beer

Mark Beer on LinkedIn

Mark Beer on Twitter

DIFC/DRA

Jebel Ali Free Zone

Emirates Airlines

ADGM

Abu Dhabi Judicial Department

AIFC Court

Oxford University

Gnosis

Auger

Etherium

Lord Denning


Imagine a new city, built from the ground up with a unique set of rules designed to foster innovation, economic growth, and a better quality of life. This isn't just a thought experiment; it's the concept of a charter city, and it's the central focus of the Charter Cities Podcast. Hosted by Mark Lutter, these conversations dig into the practical and philosophical questions surrounding these ambitious urban projects. How might they address pressing global issues like rapid urbanization, entrenched poverty, and the complex dynamics of migration? To find answers, Lutter sits down with a diverse array of thinkers and practitioners. You'll hear from specialists in international development, urban planners, investors, entrepreneurs, and governance experts, each bringing a crucial piece of the puzzle. The discussions are grounded and detailed, moving beyond theory to examine the real-world mechanics of financing, building, and governing new cities. This podcast doesn't offer simple solutions, but rather provides a nuanced exploration of a bold idea for human organization. It's for anyone curious about the future of cities, the intersection of policy and innovation, or the structures that shape our collective lives. Through these in-depth interviews, the Charter Cities Podcast builds a comprehensive understanding of a concept that could redefine how communities are built in the coming century.
Author: Language: English Episodes: 92

Charter Cities Podcast
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