Tech Consultant Giant: Blockchain ‘Integral to Mid-East Digital Economy’
International tech consultants Booz Allen Hamilton (BAH) have authored a report stating blockchain is “integral to supporting and realizing a digital economy in the Middle East.” Mid East Undergoing ‘Rapid Change’. The report, released today titled “Blockchain Technology – Can the Digital Economy Thrive Without It?” focuses on the benefits that....
Related News
Private equity firm BnL Growth Partners has joined a multi-million dollar fund to facilitate blockchain advances for smaller finance institutions in Europe. BB Fund is a ‘Huge Opportunity’. BnL, formed by ex-specialists from tech giant IND Group, will administer the Banking On the Blockchain (BB) Fund as “lead partner” along with the fund’s creator,....
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....
We interviewed David El Achkar, the founder of Yellow, one of the first Bitcoin payment solution provider in the Middle East. Middle East is a unique and lucrative market where online payments are expensive and not widely adopted yet. By offering a bitcoin-based payment service, yellow is bridging the gap created by lack of attractive online payment services along with the goodness of Bitcoin. Yellow was founded in mid-2013 by David El Achkar and James Piechota. The Dubai registered company has its presence in UAE, Lebanon and Jordan with plans of entering Kuwait soon. We asked him a few....
It is almost eerie how just as Bitcoin and the world of digital currency are developing steam through mainstream adoption worldwide that economic instruments of cash are increasingly under siege nation after nation. Bitcoin’s innovative blockchain technology may be bringing the world an unintended consequence of a loss of freedom and privacy as the financial world is getting in position to phase out cash in favor of a new digital economic system. Haven’t we met the “black economy” somewhere before? Australia is poised to pick up the baton when it comes to the global cash banning movement.....
Abu Dhabi Securities Exchange becomes the first stock exchange in the Middle East to incorporate blockchain eVoting solution. The Middle East is emerging to be one of the most receptive markets for Blockchain technology. Yesterday, Abu Dhabi Securities Exchange (ADX) became the latest financial institution in the region to announce the implementation of blockchain technology-based voting services. The announcement made at the ongoing GITEX Tech Week event closely follows Dubai Government’s recent decision to use distributed ledger technology to maintain records. ADX’s implementation for....