Dubai’s DMCC to tap into blockchain's potential
Tuesday, 05 25 2021, Category: Technology, Country: U.A.E
The Dubai Multi Commodities Centre (DMCC) launched a new Crypto Centre that will house companies developing crypto and blockchain technologies.
The new facility is being rolled out in partnership with Switzerland-based CV Labs, the organisation behind the Swiss government-backed Crypto Valley.
The centre is part of the free zone’s own Crypto Valley – an ecosystem for cryptographic, blockchain and distributed ledger technologies in the UAE.
“This is a fantastic new development. Crypto and blockchain technologies have enormous potential to transform global trade and supply chains … and this aligns perfectly with the DMCC’s vision to drive the future of trade,” Ahmad Hamza, free zone executive director at DMCC, said.
Source: The National News