Middle East blockchain forum moves to accelerate adoption of the distributed ledger technology
Summary
“We anticipate blockchain to be a potential game-changer in creating a secure, scalable, cost-efficient and time-efficient digital ecosystem for government and businesses,” said Emirates NBD chairman Sheikh Ahmed bin Saeed Al Maktoum.Farhan Syed, a partner with KPMG in the Lower Gulf and leader of its digital transformation practice, said the UAE government was “whole-heartedly supporting the emergence and implementation of blockchain technologies”, which he added was “very encouraging”.“We anticipate blockchain to be a potential game-changer in creating a secure, scalable, cost-efficient and time-efficient digital ecosystem for government and businesses” Sheikh Ahmed bin Saeed Al Maktoum, Emirates NBDMohammed Amin, senior vice-president for the Middle East at IT supplier Dell EMC, said blockchain technology was proving to be an effective approach to create an ecosystem that would enable better collaboration and data exchange, and thereby transform traditional industries such as healthcare and logistics.As international trade flows grow stronger, the respective coastal countries of the Middle East are becoming an even more vital link in the global transport and logistics chain.