Dubai's Global Blockchain Council Unveils First Pilot Projects
Dubai's Global Blockchain Council (GBC), a public-private initiative between local businesses, government agencies and startups, unveiled seven new proofs-of-concept at industry conference Keynote 2016 today. Launched in early 2016, the GBC boasts more than 30 members, and the panel session saw new projects announced by IT giant IBM, telecom operator du and the Dubai Multi Commodities Centre (DMCC), among others. Projects ranged from initiatives aimed at enabling interoperability between loyalty platforms to reducing the illicit diamond trade. Held at the Burj Al Arab in Dubai, the....
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The Dubai Museum of the Future Foundation held the second meeting of its Global Blockchain Council to consider initiatives it will address this year, according to a release from the Dubai government. The council formed last month as part of the foundation’s efforts to adopt the latest technologies and innovation practices at a global level and explore their impact on various sectors. The participants explored organizing a global blockchain conference in May for blockchain experts and enthusiasts. The activities will include a Hackathon to serve as an incubator that provides incentives for....
The Dubai Museum of the Future Foundation has established the Global Blockchain Council to explore transactions through the blockchain platform. The Council will examine the blockchain’s impact on future business and finance, and its role in facilitating transactions within both the financial and non-financial sectors as ways to improve efficiency and reliability levels, according to a release from the Dubai government. Blockchain transactions require all parties’ approval, which reduces the chances of money laundering and fraud. Digital currency cannot be damaged or forged, and it can....
The Dubai Future Foundation has decided to promote the Blockchain technology following its Global Blockchain Council quarterly meeting. Thus, Blockchain technology, along with other seven new innovation-based pilot projects, finds its way into the mainstream of the United Arab Emirate as well as the Middle East. Touted as a leading regional technology hub given its position as a platform for top tier international tech companies - based on its advanced infrastructure and its attractive business environment - and a stage for global technology-oriented events, the adopted projects will....
Dubai’s Global Blockchain Council (GBC) has revealed it may hold events this year that could seek to assist startups with job placement and investments. The announcement comes on the heels of the recently formed coalition’s second meeting, which discussed the various initiatives it may take up this year. Launched by the Dubai Museum of the Future Foundation in February, the group’s 32 members include IBM and SAP as well as regional startups startups like BitOasis and Umbrellab and government organizations. The GBC indicated that it may hold a conference as well as a hackathon this year....
Dubai has announced several initiatives in practical applications of distributed ledgers, with the intention of positioning itself as a hub for blockchain technology and digital financial innovation, Gulf Business reports. The Global Blockchain Council was established in February by the Dubai Museum of the Future Foundation ‒ also known as Dubai Future Foundation ‒ to promote innovation and use the next generation of technologies to enhance the position of the United Arab Emirates (UAE) as a leading center for innovation and knowledge economy. The council has about 40 members from....