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DAFZA unveils blockchain drive
March 09, 2018
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DUBAI: The International Center of Islamic Economy (ICIE) in cooperation with the Dubai Airport Freezone Authority (DAFZA) has launched the Halal Digital Chain project and the Blockchain Forum. The project is part of major initiatives in line with the ‘Dubai: The Capital of Islamic Economy’ plan announced by The Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum. The two initiatives aim to diversify the UAE’s economy and promote its growth. They complement Dubai’s ‘Internet of Things (IoT) Strategy’ which calls on all organisations and bodies to join the smart digital transformation process.

Commenting on the project, Amna Lootah, Assistant Director General - Finance, Commercial & Customer Relation division, Foster of DAFZA Innovation & Future Unit, said: “Through its collaboration with the International Center of Islamic Economy, DAFZA affirms its commitment to supporting all efforts to promote Dubai’s leading position in all fields, especially as it has become a global model for economic diversification. This forum is part of endeavors to adopt the latest technologies that contribute to achieving the goals of Dubai Smart Plan 2021 which aims to make Dubai the smartest city in the world. It also supports the Islamic economy and the development of the UAE’s Halal sector which ranked first in the Arab World and second globally in the Islamic Economy Index of 2016.”

The first blockchain forum for the halal industry was attended by diplomatic dignitaries, investors and entrepreneurs from Australia, China, Malaysia, Nigeria, Pakistan and other countries that place great importance on the Halal industry. It included a series of meetings, workshops and sessions and featured video presentations on the new ‘Halal Chain,’ the first digital chain to include various companies listed under the Halal sector involved in activities ranging from production and processing to distribution and delivery across the entire supply chain.

WAM

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