Dubai’s Role With Blockchain Technology’s Success Story

Decentralized Finance (DeFi) applications are now the primary focus within the crypto space. Many believe this might be the killer use case of blockchain technology—an opportunity to deliver all financial services on a peer-to-peer arrangement, and not just payments. The volumes in the DeFi markets are already telling a story of possible massive success in a short time. For example, Uniswap, the most used of the DeFi exchanges, facilitates over US$ 400 million worth of […]

While its unconventional design and vivid white facade may draw the eyes of passersby, at the 3D printed headquarters for Dubai’s Museum of the Future, it’s a series of neatly folded name cards that perhaps tells the more impressive story. Inside the government-backed incubator, diverse participants gathered for the most recent meeting of Dubai’s Global Blockchain Council (GBC), a 40-member group formed to investigate blockchain and digital currencies. Far from members of IT teams, attendees included executives from tech giants like IBM and Ericsson as well as leaders of regional startups,....

R3 is an innovation firm which, according to its own characteristics, is “empowering the next generation of global financial services technology”. CoinTelegraph offers a glimpse into the world of tomorrow of leading consortiums in financial markets. Richard G. Brown, a chief technology officer at R3, has explained in a blog post how blockchain technology can be used as a tool for solving problems, what the defining characteristics of a blockchain are, and what in particular makes them interesting for the banks. R3’s main role - picking the raisins out of the buns for banks? Banks cannot....

Hyperledger and Chamber of Digital Commerce work together to promote the use of blockchain technology through public-private partnerships and public policy advocacy. As the world gets prepared to meet blockchain through a variety of upcoming finance and record-keeping applications, the technology’s long-serving backers have taken it upon themselves to advocate its importance farther. In a recent press release, the Hyperledger Project, hosted by The Linux Foundation to advance cross-industry blockchain applications, announced its partnership with the Chamber of Digital Commerce. The latter....

As blockchain technology becomes more widely used, some researchers are recognizing that cooperation and collaboration among all stakeholders, including government, is critical to enable the technology to deliver the efficiencies it promises. A report [PDF] from the C.D. Howe Institute by Thorsten Koeppl and Jeremy Kronick, “Blockchain Technology – What’s in Store for Canada’s Economy and Financial Markets?” identifies challenges facing policymakers and regulators. Koeppl is an associate professor and RBC Fellow at Queen’s University while Kronick is a senior policy analyst at the C.D.....