The Chamber of Digital Commerce, comprised of representatives from the blockchain industry, led alongside the U.S. Department of Commerce (DOC) the first Blockchain certified trade mission to the United Arab Emirates (UAE), from the 1st till the 5th of October 2017.
The mission included a delegation of members of Chamber of Digital Commerce with executives from number of firms including Bloq, Cisco, CMT Digital, Cognizant, Gem, Hogan Lovells and Netki. This effort focused on augmenting the presence of US-based companies in the UAE, in order to aid in the achievement of Dubai’s vision to be the first Blockchain-powered government in the world by 2020.
As a matter of fact, Barbra A. Leaf, U.S. Ambassador to the UAE, stated: “Leading U.S. financial technology providers shared the latest in blockchain technology developments with UAE banks, investment firms, and government agencies to ensure the integrity of financial transactions. U.S. financial technology firms are uniquely poised to assist Dubai’s vision of becoming one of the world’s first governments to use this technology.”
Furthermore, the Blockchain trade mission organized and tailored by the Chamber of Digital Commerce with support from the DOC and the Embassy of the UAE, entailed meetings with public and private sector officials to promote the growth of US-business and Blockchain in the UAE.
Perianne Boring, founder and president, Chamber of Digital Commerce said: “The UAE represents a progressive view in blockchain adoption, and serves as a great example for other governments around the world. We look forward to creating new business opportunities and partnerships, thereby advancing global adoption of blockchain technology.”