Middle East home to blockchain boom

Tessa DempsterTessa DempsterOctober 31, 2018
Middle east Blockchain Boom


One of the largest and most populated cities in the United Arab Emirates (UAE) is setting its sights on blockchain.

Unlike most regulators around the world, the UAE government and Dubai have been the driving force behind the promotion of blockchain.

Dubai has been using the technology to shake up major industry sectors such as finance and health with officials committed to base all government transactions on blockchain by 2020.

This year, the city went through the process of standardising blockchain related activities by establishing the first Court of the Blockchain.

The court will position Dubai at the forefront of LegalTech and judicial innovation with the aim of setting a global legal standard for blockchain.

“If you build it, they will not come. That’s not how the world works,” said Alfa-Enzo Foundation Founder Tony Tran at the Dubai World Blockchain Summit.

 

 

“One of the key things I have been focusing on is how do we get blockchain to resonate with the common people,” said Tran.

Big players of the blockchain and crypto world gathered at the World Blockchain Summit hosted global tech gurus, key industry players and government authorities.

The summit featured use-cases for the technology in business and government.

All in all, the self-declared ‘Happiest City on Earth’ seems pretty jovial about about the technology.

Next up, the World Blockchain Summit heads to Amsterdam before rounding the year out in Saudi Arabia.

Coincast TV guest reporter Trader Cobb attended the conference.

0 comments

  • Avatar
    LesOnet

    July 30, 2019 at 9:02 am

    Your comment is awaiting moderation.

    Cialis Super Actif Plus Viagra Bestellen Empfehlung dapoxetine Viagra Dapoxetine Avis How To Buy Isotretinoin Tablets Without Perscription Online Priligy Como Funciona

    Reply

  • Avatar
    LesOnet

    August 3, 2019 at 7:34 am

    Your comment is awaiting moderation.

    Generic Amoxicillin viagra online Buy Tadalofil Lioresal Acheter 10mg

    Reply

  • Avatar
    LesOnet

    August 7, 2019 at 1:18 pm

    Your comment is awaiting moderation.

    Kamagra Achat 100mg Online Pharmacy Order In Png viagra Cialis 20 Posologia Amoxicillin Safe Dose

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading data ...
Comparison
View chart compare
View table compare
X