The UAE has embraced blockchain technology as a powerful force for business. The recently unveiled Blockchain Strategy 2021 aims to host up to 50 percent of all government transactions on a blockchain platform in order to cement the UAE’s status as one of the world’s most advanced economies and underline its preparedness to adapt to and grow alongside future technologies.
With both strong backing from the government as well as great interest from its flourishing business sectors, Dubai is poised to emerge as a global hotspot and leader for innovative blockchain applications. From payment transactions and supply chain management to proof of provenance and tokenised commodities, blockchain can help transform and optimise business processes across countless industries.
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It is becoming increasingly clear that crypto and blockchain technologies have an enormous potential to advance global trade. Dubai has recognised this potential, and the DMCC Crypto Centre will fully support our mandate to attract and promote trade through the emirate. With the DMCC Crypto Centre providing a progressive and supportive regulatory environment, a strong pool of industry talent, and an ecosystem that provides access to capital, resources and opportunities to crypto firms, we are perfectly placed to support crypto businesses from across the world.
