Dubai’s Global Blockchain Council discussed a number of initiatives that will be taken up this year as part of the innovative platform, during its second meeting.

Attended by Microsoft, SAP, IBM, Cisco, Dubai Multi Commodities Centre (DMCC), Kraken, BitOasis, Smart Dubai Office and Dubai Smart Government, among others, the meeting discussed the idea of organizing a global Blockchain conference in May which will be attended by Blockchain experts and enthusiasts from across the globe. 

In addition, the activities for the year will include a Hackathon, which will function as an incubator offering incentives for startups such as job placement tracks and investments. It will also enable participants to connect with innovation managers at other companies.

The participants were also particularly interested in regulatory aspects related to the Blockchain platform. The press release said that the Council will study the efforts by other countries on this subject and explore the various regulations that can be implemented.

The meeting also discussed educational activities and looked at current pilot projects and their framework as well as the role of the Council in these projects. The release said that one of the Council’s main objectives is to record and document all the pilot projects’ findings in order to further understand the impact of this technology.

Saif Al Aleeli, CEO of Dubai Museum of the Future Foundation , Founding member of the Global Block Chain Council, said the initiatives launched under the Global Blockchain Council will explore Blockchain and connect with potential investors.

“The world is witnessing more interest in Blockchain technology day after day,” Al Aleeli said.

Dubai Museum of the Future Foundation established the Global Blockchain Council to explore and discuss current and future applications and organize transactions through the Blockchain platform which records every transaction made by smart contracts and digital currencies.