UAE Dubai Future Foundation launches Blockchain toolkit

UAE Dubai Future Foundation launches Blockchain toolkit

The UAE has been at the forefront of Blockchain implementation and use cases since 2017, as a continuation of this  the Centre for the Fourth Industrial Revolution UAE and the Dubai Future Foundation, DFF, the World Economic Forum has released a comprehensive blockchain toolkit to offer businesses and organisations new, industry-tested solutions to the urgent issues hindering global supply chains, which have been exposed by the COVID-19 pandemic.

Over 100 Blockchain stakeholders, 60 public and private sector entities from around the world developed this toolkit with input as well from UAE Centre for the Fourth Industrial revolution.  "As a test-bed for technological innovations and ideas that drive transformations in vital industries, DFF’s contribution to the toolkit will benefit decision-makers, entrepreneurs and businesses in defining their future strategies," said Abdulaziz Al Jaziri, Deputy CEO and Chief Operating Officer of DFF.

The toolkit was tested by Dubai Future Foundation, Saudi Aramco and Abu Dhabi digital authority.  Mariam Al Muhairi, Project Manager World Economic Forum Centre for the Fourth Industrial Revolution UAE at DFF stated, "Moving forward, there must be an emphasis on rebuilding global trade networks by learning and putting into practice the lessons emerging from this pandemic. The solutions that blockchain technology provides, outlined in the Redesigning Trust toolkit, can go a long way to future-proofing and safeguarding businesses in the recovery and adaptation to the new normal," 

"While developing governance for emerging technologies, the exchange of knowledge and need for collaboration are key. For this reason, contributors to the forum’s blockchain deployment toolkit included a diverse group of leaders from governments, companies, start-ups, academic institutions, civil society, international organisations and experts from across the globe," said Nadia Hewett, Blockchain and Digital Currency Project Lead, World Economic Forum.

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