Dubai Claiming Position at Forefront of Blockchain Technology
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....
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For Loyyal, participating in the Dubai Future Accelerators program is invaluable. The blockchain startup will work with Dubai Holding, who focus their attention on hospitality and real estate The name Loyyal may not ring a bell for most blockchain enthusiasts right now. Even though the company is focusing on global loyalty reward schemes, they have been flying under the radar. That was until earlier this week when the company announced they would participate in the Dubai Future Accelerators program. A big step for this blockchain startup, that much is certain. What is so interesting about....
The Blockchain Technology Conference in Burj Al Arab, Dubai, is an event everybody with a passion for this technology needs to attend. With over 20 elite speakers discussing the future of the blockchain, Dubai will become the center stage where the future of technology will be shaped. Blockchain Technology Conference in Dubai. Most people know Bitcoin as....
In a significant endorsement of blockchain technology, the underlying innovation of bitcoin, the Dubai government will see of its documents on a blockchain. The government of Dubai will see all of its documents on a blockchain by the year 2020. The announcement was made via the Dubai Media Office’s official social media account, citing Hamdan bin Mohammed, the hereditary Prince to the crown of Dubai. Furthermore, the Prince revealed that Dubai will also be executing all its transactions on a blockchain by 2020, as a part of a new program called the “Dubai Blockchain Strategy.” Under the....
Dubai has announced the adoption of blockchain technology into governance, expected to be completed by the end of 2020. Blockchain technology is growing beyond mainstream banking and financial sectors. As forecasted, the distributed ledger technology is now being adopted by the governments as well. Leading the initiative is the Government of United Arab Emirates, particularly Dubai. According to reports, the financial capital of UAE, Dubai will soon be using blockchain technology for all government documents. The implementation is expected to be completed by the year 2020. The government’s....
Dubai, a global hub for trade, wants to incorporate the blockchain into daily economic life. The country believes blockchain technology could put them on the cutting edge of simplified record-keeping, as well as the transportation of goods worldwide. Blockchain incorporation into the society there, which joins an across the board effort to place Dubai on the cutting edge of how cities are run, will exist alongside Dubai’s advanced transportation infrastructure and near-zero taxes. The world’s largest corporations, such as IBM, Microsoft and dozens of big banks, are exploring uses for the....