Saturday, 16 October 2021 07:12 GMT

DIFC Hosts First Blockchain Week to Help Unlock Significant Potential


(MENAFN- Mid-East.Info) Dubai, UAE: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, is hosting a series of events dedicated to Blockchain. DIFC Blockchain Week (12–16 September) is the first of a series of themed weeks being held at the DIFC Innovation Hub, the region's largest innovation ecosystem that is designed to bring together innovators and investors to drive a new generation of digital businesses.

DIFC is hosting Blockchain Week to help accelerate the UAE's digital economy and demonstrate its commitment to drive the future of finance.

A range of expert speakers, senior officials and specialists will discuss the most important issues and opportunities around the technology. Topics include encrypted banking services, digital assets, smart contracts, digital assets regulation, as well as the investment landscape for innovation. DIFC will host two headline panel sessions entitled: 'Will Blockchain and crypto reimagine the future of finance?' and 'How can Blockchain empower smart cities?'.

The week will also include a series of sessions focused on specific sectors, as well as interactive seminars and discussions to support companies and individuals define their future Blockchain strategies.

Arif Amiri, CEO of DIFC Authority,  said:“Awareness and adoption of Blockchain is growing rapidly. DIFC Blockchain Week is a unique opportunity to meet the best minds in the sector and discuss ways to strengthen and expand Blockchain use cases. DIFC will continue to play a pivotal role in promoting the adoption of Blockchain in financial services and other industries that contribute to Dubai's economic growth.” 

Companies operating in the DIFC Innovation Hub can take advantage of the support offered by the Centre to develop smart technology applications including education, networking and funding initiatives. DIFC's Innovation Hub is now home to over 60 per cent of FinTech and innovation companies based in the GCC, with a number of these companies developing Blockchain technologies. 

About Dubai International Financial Centre :

Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and an estimated GDP of USD 7.7 trillion.

With a 17-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of almost 28,000 professionals working across over 3,200 active registered companies – making up the largest and most diverse pool of industry talent in the region.

The Centre's vision is to drive the future of finance through cutting edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.

Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai's most sought-after business and lifestyle destinations.

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