DCS Summit in Abu Dhabi discusses how blockchain new digital oil of MENA

“Multiple MENA countries have proven themselves as early adopters of blockchain, using it to promote commercial opportunities and boost financial services,” says Ammous. “For instance, this year, the UAE government launched the Emirates Blockchain Strategy 2021 and Dubai Blockchain Strategy, which aims to transition half of all government transactions onto the blockchain. Likewise, the Central Bank of Bahrain has a Fintech and Innovation Unit, while the Saudi Arabian Monetary Authority was one of the first to deploy blockchain technology for money transfers. The list goes on. It is clear the MENA region is at the wheel when it comes to driving blockchain forward.”

Moreover, what should be recognised as a powerhouse feature of blockchain is the technology’s sustainability, particularly when green assets are being cried out for amidst rising concerns over climate change and the planet's future. Again, the MENA region has leaned into this approach, most notably in Saudi Arabia. There, oil producers Aramco have transitioned to blockchain to increase efficiency as the Saudi state accelerates its drive toward balancing its energy production through renewable sources.

MENA’s forward-thinking approach to blockchain through regulation and green initiatives is undoubtedly leading the way in establishing the region as the epicentre of crypto finance. This makes this year’s DCS 2021 event all the more compelling as the core focus of discussion will range from enterprise and government adoption of blockchain to its diversity and social impact in a fast-changing world.

tickets for the u event on Platinumlist HERE, Virgin Tickets HERE or via the DCS 2021 website HERE. You can also register for DCS 2021 HERE to watch the event free on demand from anywhere in the world and be in with a chance of winning one BTC.