How does Dubai aspire to be the first blockchain-powered city by 2020?
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Answer How does Dubai aspire to be the first blockchain-powered city by 2020?
Dubai relies on harnessing the expertise of the best blockchain and crypto experts to activate the Dubai Blockchain 2020 strategy and plan.
Where the city hosted an event Global Blockchain Summit The recently launched global platform, which represents an open platform for startups, investors and solution providers related to the blockchain industry to provide solutions targeting sectors such as security services, transportation, healthcare, and others.
Apparently, Dubai, as one of the leading destinations for blockchain innovators and entrepreneurs, fosters a strong innovative technology ecosystem, and this is further demonstrated by welcoming the latest new blockchain startups.
Dubai aims to become the first blockchain-powered city by 2020.
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This is through the ambitious “Dubai Blockchain Strategy 2020”.
Dubai facilitates the process of digital transformation at the city level through the effective implementation of three strategic pillars of development:
Governmental competence, industry establishment, international leadership.
In the recent memorandum of understanding signed between Lead Ventures and Trescon to present the thirteenth edition of the Global Blockchain Summit and its third stop in Dubai.
The strategic cooperation agreement emphasized the importance of bringing more investment opportunities to the UAE by attracting relevant start-ups and solution providers.
Mohamed Al-Banna, CEO and Managing Director of Lead Ventures and Chief Guest at the World Blockchain Summit, said:
We want to globalize our reach by collaborating with the most unique and innovative companies from all over the world.
Through the “World Blockchain Summit” we look forward to discovering strategic partners, stable startups, and industry experts who can collectively help build a strong crypto and blockchain ecosystem.
He added:
Our vision is to contribute and return to the economy through strategic partnerships.
The World Blockchain Summit was held at Jumeirah Emirates Towers on October 23-24, 2019.
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The Summit logo is designed to provide solutions to support the three strategic pillars of Blockchain strategy in Dubai.
The event was held under the patronage and in the presence of His Highness Sheikh “Sultan bin Abdullah bin Sultan Al Qasimi”.
The event attracted a diverse network of regional and international blockchain and cryptocurrency experts, governments, startups, key industry leaders, and investors such as: Faris Mohamed Al-Tahtmouni, Co-Director of Strategic Partnerships.
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In addition to some prominent personalities such as:
“Nick Spanos, Marwan Al Zarooni, CEO of the Dubai Blockchain Center, Anthony Ritusa, Head of the Ritusa Family Office” … in addition to Sentence From expert speakers in the field.
The three-day event also included a desert safari, a pre-event party and the Tech Startup World Cup that will pave the way for more than 15 startups from around the world to get ready to start their businesses (including offering ICOs).
Read also:
Dubai Chamber collaborates with Emirates NBD to finance trade using blockchain
The United Arab Emirates unveils a “Blockchain Hackathon” in Dubai
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