Dubai Museum of the Future Foundation Launches Global Blockchain Council
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....
Related News
Currently, there’s a strong effort to establish blockchain technology within the Middle East. On February 17, the Dubai Museum of the Future Foundation disclosed to the public the initiation of a “Blockchain Council” that will focus research and development on this emerging technology. The Dubai government has released information on the exploration of....
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....
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....
Autonomous construction workers, panoramic teaching environments, high-end spas with pharmaceutical capabilities – as envisioned by the Dubai government, all could be part of everyday life in so-called ‘smart cities’ by 2035. Among the groups working toward this tomorrow today is the Museum of the Future, an ambitious project backed by the government of Dubai with the mandate to highlight how new tech breakthroughs are making these innovations possible. And if recent efforts progress as expected, bitcoin and blockchain could come to play a key role in driving the group’s work. According to....
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....