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Dubai, one of the wealthiest countries is no more lagging when it comes to blockchain technology. Business Innovation Department in Dubai Customs arranges a workshop subjected to Blockchain technology to acknowledge its employees about the emerging technology.
The workshop is planned for four days. Chris Benet, the founder of Aenea company and an influencer in blockchain space, participated in the workshop. He addressed the functions and main applications of blockchain technology and best means to invest this technology in customs and supply chain work.
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The workshop witnessed the participation of 68 employees from different departments in Dubai Customs. Additionally, Director of Business Innovation Department, Hussam Mohammed inaugurated the workshop.
Hussam Mohammed stated, “Blockchain is like a new operating system for trust. It creates a single, shared version of the truth that no single entity owns or controls. This leads to increased trust and integrity in the flow of information among participants.”
He further added, “Dubai has positioned itself as a global city, attracting foreign trade and tourism and earning its place as an international business center. Dubai government’s blockchain strategy calls for the shift of all applicable transactions to blockchain by 2020.”
The workshop contributes to Dubai Customs’ aim to capitalize on the blockchain technology and reinforce the Dubai Blockchain Strategy. It will help accomplish the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.
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Although, this is not the first step of Dubai towards embracing the blockchain technology. Dubai’s government is already working on a total of 20 use cases for blockchain technology. Dubai’s government possesses strategic partnerships with IBM and Consensys as advisors to help them and Smart Dubai to complete their targets.
