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
Podcast Episodes
Heba Elhanafy and Matthew McCartney on Africa's Bad Urban Laws [not-audio_url] [/not-audio_url]

Duration: 25:38
On today's Charter Cities episode, host Jeffrey Mason is joined by colleagues Heba Elhanafy and Matthew McCartney to unpack the New Africa's Bad Urban Laws project. This initiative dissects laws in African cities hinderi…
International Hubs and the Future of Living with Vitalik Buterin [not-audio_url] [/not-audio_url]

Duration: 52:34
Coming up on today's episode of Charter Cities, we have a very special guest joining host Mark Lutter: Vitalik Buterin, the co-founder of Ethereum. In this episode, we delve into the fascinating world of community buildi…
Industrialization and Assimilation with Dr. Elliott Green [not-audio_url] [/not-audio_url]

Duration: 51:33
Industrialization has a myriad of consequences that have been studied and speculated upon from the very start. In this episode, Dr. Elliott Green joins us to discuss the impact of industrialization on ethnic identity and…
Emergent Tokyo with Joe McReynolds [not-audio_url] [/not-audio_url]

Duration: 1:07:05
We are joined on the show today by Joe McReynolds, co-author of Emergent Tokyo: Designing the Spontaneous City, and we have an extensive conversation about the characteristics of Tokyo urbanism, the role of policy in the…
Doing Business in Africa with Deanne de Vries [not-audio_url] [/not-audio_url]

Duration: 41:48
The West’s misconceptions about Africa are vast, particularly when it comes to the realm of business. Today we are joined by Dr. Deanne de Vries, who has worked across the continent in various capacities for over 30 year…
Catawba Digital Economic Zone with Joseph McKinney [not-audio_url] [/not-audio_url]

Duration: 34:16
If you’re a regular listener of this podcast you may be familiar with the term Special Economic Zone (SEZ). In short, SEZ refers to an area where business and trade laws are different from the rest of the country. Typica…