Dubai's Global Blockchain Council Draws Plans for Initiatives in 2016
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....
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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....
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....
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 head of the Dubai government’s Smart Dubai initiative provided new details on how she believes blockchain can help drive the city’s modernization efforts in a speech at industry conference Keynote 2016 yesterday. In remarks, director general at the Smart Dubai Office, Dr Aisha Bin Bishr, spoke broadly about her organization’s plans to help make Dubai the best connected and "happiest" city in the world. Further, Bin Bishr discussed how blockchain fits into this larger strategy, while touching on her work with the Global Blockchain Council (GBC), the public-private tech....
An innovation center established by Sheikh Mohammed bin Rashid, vice president and prime minister of the United Arab Emirates (UAE) and emir of Dubai, has announced the formation of a research council focused on blockchain technology. Launched in 2015, the Museum of the Future was created with the mandate to encourage innovation and help foster investigation of new technologies within the Middle Eastern nation. The keystone of the project will be an architectural centre (estimated to cost $136m) and set to be completed in 2017. According to the release, the Global Blockchain Council will....