Blockchain Startup Loyyal Partakes In Dubai Future Accelerators Program
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....
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Loyyal, a New York-based blockchain-based loyalty and rewards platform, has snagged a contract with Dubai Holding, a multinational investment conglomerate. The partnership is a part of the Dubai Future Accelerators program, the government-supported accelerator program that has notably pinned blockchain technology front and center. According to the announcement, the tie-up will see a blockchain pilot deployed toward loyalty programs in both business-to-customer (B2C) and corporate (B2B) propositions of Dubai Holding. Loyyal’s proprietary blockchain and smart contract solutions will be used....
Dubai is set to host the world’s first blockchain loyalty program with the launch of Loyyal, an umbrella scheme aimed at uniting many rewards programs under one banner. Uniting ‘Fragmented’ Loyalty Industry. In concert with the Dubai national government, Loyyal will use an “unbundled” blockchain to provide value transfer between loyalty scheme....
A technology initiative backed by the Dubai government has launched a $275m startup investment fund (1bn AED) organizers say will likely back blockchain projects. Announced last week, the Dubai Future Foundation officially opened the Dubai Future Accelerators initiative, a 12-week startup program based in the United Arab Emirates that will seek to encourage innovation in "strategically important" sectors. A partnership with global investment firm Dubai Holding, the effort is centered around promoting the development of business ideas around six "challenges" in areas....
Many countries struggle to attract tourists and those that do manage to get a steady inflow of visitors, often find that they tend to congregate at major attractions leaving a lot of places that are visit worthy untouched. In some countries which have recently put in newer landmarks such as Dubai, the problem of tourists not getting the full feel of the place is even more so the case. Tourists may want to see the 160 storey Burj Khalifa, the Palm Islands or the Burj Al Arab but they might miss the lesser known cultural or historical sights in Dubai. States and territories might want to....
Sheikh Mohammed bin Rashid Al Maktoum of Dubai has initiated a push to authorities to invest one billion dirhams ($275 million USD) into financial technology and blockchain acceleration within the country. The ambitious project aims to get Bitcoin and blockchain startups together to advance R&D in Dubai by paying for flights and accommodation and support....