Dubai’s Global Blockchain Council Seeks to Spur Startup Growth
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....
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While its unconventional design and vivid white facade may draw the eyes of passersby, at the 3D printed headquarters for Dubai’s Museum of the Future, it’s a series of neatly folded name cards that perhaps tells the more impressive story. Inside the government-backed incubator, diverse participants gathered for the most recent meeting of Dubai’s Global Blockchain Council (GBC), a 40-member group formed to investigate blockchain and digital currencies. Far from members of IT teams, attendees included executives from tech giants like IBM and Ericsson as well as leaders of regional startups,....
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 UAE has been proactive in integrating blockchain into the existing governance ecosystem, and the private sector benefits from the spillover effect. It is no secret that the United Arab Emirates, along with Switzerland, Singapore and several other countries, is one of the most forward-looking tech nations in the world, with the Middle Eastern powerhouse promoting the use of blockchain in almost every sector imaginable, from energy to shipping to media.To help the country with its adoption efforts, the UAE government has launched two extensive, well-crafted initiatives — i.e., the....
The Bitcoin Mining Council, initially set up by influential CEOs Michael Saylor and Elon Musk, has formally debuted and seeks members.
The United Arab Emirates (UAE) is considering the use of blockchain technology to prevent the influx of conflict diamonds from entering the multibillion-dollar global precious stones market. The Kimberley Process (KP), an organization set up to stop the flow of “blood diamonds” from entering the global precious stones market has revealed a new blockchain initiative that will help with a tamper-proof record of the provenance of diamonds. As a part of his midterm message announcing the organization’s progress this year, chairman Ahmed bin Sulayem revealed meetings with Dubai’s Blockchain....