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Great #blockchain #expectations disclosed in #Dubai


Great blockchain expectations disclosed in Dubai

Seven #blockchain projects specialising in everything from #diamondtrade to #healthrecords and promotion of #tourism have been presented at a conference held by #Dubai's #GlobalBlockchainCouncil.

Participants of Keynote 2016, the blockchain #conference taking place at the Burj Al Arab in Dubai, believe that #distributedledger can be put to many uses, as reported by Gulf Business and CoinDesk. Seven new solutions were proposed by both #international and #UAE-based companies....

One example...

....Dubai Multi Commodities Centre (DMCC), one of the greatest diamond traders in the world, announced a project of digitising #Kimberleycertificates, the documents set up “to ensure that diamond purchases were not #financing violence by rebel movements and their allies seeking to undermine legitimate governments.” Once all the data from around the world is put in a blockchain, it would be easier to control the diamond trade.....

....The Global Blockchain Council was launched in February 2016 by the Dubai’s #MuseumoftheFuture Foundation. The 32 members of the Council include international IT companies, governmental entities, important regional #banks and blockchain firms.

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