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UAE Government Employs Blockchain Tech For Litigation Services

The UAE government employs blockchain technology for its legal notary services building up in its ambitions to go completely digital as we can see more in our latest Blockchain news today. The UAE government will employ blockchain technology for use in its judicial notarization and authentication services according to the Emirates News Agency. The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services according to the Emirates News Agency. The usage of blockchain technology is expected to cut down on the time, spending, and effort by the UAE Ministry of…

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UAE To Deploy Blockchain For Notary And Authentication Services 

The United Arab Emirates Government has disclosed its plans to adopt blockchain technology for use in the notary and authentication services offered by the Ministry of Justice. This move is said to be part of the government’s efforts in providing advanced digital services to residents. UAE’s Digitally Transforming Government Services According to the Emirates News Agency, the use of blockchain tech will cut down on the time, effort, and expenditure spent by the UAE’s Ministry of Justice in authenticating and verifying contracts and documentation. The acting under-secretary of the Ministry of Justice, Chancellor Dr. Saeed Ali Bahbouh Al Naqbi, said…

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UAE employs blockchain tech for remote litigation services

The UAE government's adoption of blockchain technology for its legal notary services builds on its ambitions to go completely digital. The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services, it announced on April 19, according to the Emirates News Agency. The adoption of blockchain tech is expected to cut down on the time, effort and expenditure spent by the UAE’s Ministry of Justice in authenticating and verifying contracts and documentation, while building on the government’s plan to transfer half of its transactions onto the blockchain by the end of…

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UAE minister of economy: Crypto & tokenization “key” to doubling GDP

A government-run token exchange could be on the horizon for the United Arab Emirates At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri said that cryptocurrency and asset tokenization will be key to the country’s plans to double its economy — currently estimated to be the 34th largest in the world — in ten years.  Al Marri was joined on the panel, titled the “Arrival of the token economy, from art to real estate,” by artist Harry Yeff and WEF executive Sheila Warren. While much…

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Global Digital Industry Group Launches Mining Business Bitworld

The UAE cryptocurrency giant, Global Digital Industry Group (GDIG), has established its mining subsidiary Bitworld and will invest $50 million in the company by 2021 as it works to build the company’s presence in the Middle East bitcoin and Ethereum mining industry. GDIG has appointed its mining head, Planck Danny as the CEO of Bitworld. Pictured above: Planck Danny at the Dubai Burj Khalifa office with his team. GDIG said the traditional digital currency mining industry is restricted by power requirements, hardware production, purchase channels and other resource constraints, making it hard for traditional financial businesses to invest in stable…

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Blockchain platform connects Indian farmers to UAE food industry

Agriota E-Marketplace may give farmers in India more access to the UAE’s multi-billion dollar food industry. Food industry officials in the United Arab Emirates may soon have a blockchain-based supply chain to obtain agricultural products directly from India. According to an Aug. 31 report, officials in the United Arab Emirates (UAE) will be using Agriota E-Marketplace, a new platform that employs blockchain technology to bridge the gap between farmers in India and the nation’s food industry. Agriota reportedly provides transparency by verifying the food supply chain from Indian farms to food processing companies, traders and wholesalers in the UAE. Essentially,…

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Blockchain Firm Says Banks Need DLT to Manage Identities Better

Blockchain firm HashCash plans to create a federated and sovereign digital identity architecture to be used in banking processes. Blockchain firm HashCash Consultants claims that banks are "chief arbiters" of people's identities, and need blockchain technology to do it better.According to an Aug. 11 announcement, “accurate identification of an individual is central to banking activities which makes them the chief arbiter of people's identities.” Still, the current system is not without its issues:“The existing manual processes make identification time-consuming and susceptible to errors. HashCash aims to streamline the process by helping the partner bank create digital identities for the customers…

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Dubai Debuts Nationwide Data Platform Powered by Blockchain

The United Arab Emirates is debuting a blockchain-based Know Your Customer, or KYC, platform. This platform is set to become a nationwide system for exchanging verified customer data.Dubai’s Department of Economic Development, or DED, and state-run bank Emirates NBD are rolling out their so-called UAE KYC Blockchain Platform.120 local firms already signed up for the platform with Emirates NBDFirst revealed in February 2020, the new blockchain platform is designed to unlock digital customer onboarding, instant bank account functions, and verified KYC data sharing between licensing authorities and financial institutions. Announcing the news on July 28, the DED and Emirates NBD…

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