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Sands of change: UAE enables private sector to adopt #blockchain tech via
Summary
- UAE enables private sector to adopt blockchain tech The UAE has been proactive in integrating blockchain into the existing governance ecosystem, and the private sector benefits from the spillover effect.
- Furthermore, the Dubai Future Foundation, which is backed by Sheikh Mohammed bin Rashid Al Maktoum, prime minister of the UAE and ruler of Dubai, recently established the Global Blockchain Council in order to help spur the exploration and real-world applications of blockchain tech across a host of financial and non-financial sectors within the country.
- Where does the UAE stand?
- On the subject, Khaled Alkalbani, CEO of Ideaology — an open-source project built atop the Ethereum ecosystem — told Cointelegraph that while use cases related solely to cryptocurrencies are low at the moment, the UAE is without a doubt one of the most advanced in terms of blockchain use cases and applications, adding: “