Memorandum of Understanding between Dubai Blockchain Center and Chaintech Labs Ltd

[Memorandum of Understanding Signed by Dubai Blockchain Center and Chaintech Labs Ltd] Jinse Finance reported that Dubai Blockchain Center (DBCC) and Chaintech Labs Ltd (CTL) announced a new cooperation agreement to promote long-term blockchain for enterprises Blockchain technology research and development and government authorities in the GCC region.

The agreement formalizes the mutual interaction in the form of a Memorandum of Understanding (MoU) and strengthens the existing relationship between Dubai Blockchain Center and Chaintech Labs Ltd at a strategic and working level, focusing on the onboarding of global enterprises and government agencies. On the blockchain, develop standards for public and private blockchains, smart contracts, fungible and non-fungible tokens.

It is reported that Chaintech Labs Ltd is a blockchain research and development institution, registered in the Dubai International Financial Center, founded by a group of blockchain researchers and game developers from Stockholm, San Francisco, New York and Dubai. Chaintech Labs Ltd has more than 10 global NFT projects, with more than 1 million community members and a total token market value of nearly US$1 billion.

Other news:

Dubai terminal operator DPWorld joins blockchain logistics platform Trade Lens: Port operator DP World DPW.DI said on Thursday it will build a blockchain platform with shipping company Maersk and other peers that will help improve the industry's expensive paperwork. quality recording costs. Mike Bhaskaran, chief operating officer of logistics and technology at DP World, revealed: "Under the new crown epidemic, blockchain technology can well catalyze digital communication and ensure employee safety." (Reuters) [2020/5/28]

News| The Dubai Ministry of Finance will participate in the World Government Summit to discuss the future of blockchain and digital assets: According to the Emirates News Agency, the Dubai Ministry of Finance will participate in the seventh World Government Summit and discuss with Christine Lagarde, Chairman of the International Monetary Fund (IMF). The future development of blockchain and digital assets and how to better governance will be discussed. [2019/2/7]

Dubai Issues First Cryptocurrency Exchange License: The largest free economic zone in the United Arab Emirates (UAE) has begun issuing licenses for companies trading cryptocurrencies. A gold dealer has already received its first license, and the company recently started offering cryptocurrency services. [2018/2/15]