Copy link
Increase text size
Decrease text size
Link copied

C4IR UAE, World Economic Forum introduce blockchain accelerator program at Dubai's Area 2071

Tue, 17 Sep 2019, 03:34 am UTC

The Centre for Fourth Industrial Revolution in the UAE (C4IR UAE) introduced a blockchain accelerator program at its headquarters in AREA 2071 in Emirates Tower in Dubai, according to the Emirates News Agency.

As per the report, the program, which will be hosted by the Dubai Future Foundation, aims to bring together public and private sector entities, including blockchain experts, specialists from the World Economic Forum (WEF), and different legislative authorities that implement blockchain-based technologies.

C4IR UAE aims to work with stakeholders to test blockchain governance frameworks and create blockchain-based infrastructure protocols in UAE sectors. It also plans to look into other technologies including artificial intelligence, machine learning, and precision medicine.

The project is a collaboration between the UAE government and the WEF. Although it is the first center of its kind under C4IR UAE, this is the fifth in the world, with the four in the U.S., Japan, China, and India.

The accelerator program supports the Emirates Blockchain Strategy 2021, which was launched by the UAE government in April 2018, in a bid to make the country a hub for digitization and innovation. The strategy targets to transfer half of all government transactions to blockchain by 2021. The government hopes that automating routine transactions will help it save Dh 11 billion (~$2.9 billion), reduce the printing of 398 million documents, and save 77 million work hours annually.

In July, the WEF released a paper that serves as a guide in understanding the benefits of blockchain technology. The guide touches on the strategies that firms use with regard to the decentralized ledger network and breaks blockchain down to several components that would be easily understood by firms who want to use it.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,690.17 (+0.04%)
  • Ethereum (ETH) $242.66 (0.00%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $256.59 (+0.53%)
  • Bitcoin SV (BSV) $196.34 (-0.21%)
  • Bitcoin (BTC) $9,690.17 (+0.04%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft