Wednesday 13, April 2016

Dubai – MENA Herald: Dubai Museum of the Future Foundation has announced that nine new members have joined its Global Blockchain Council, taking the total number of members to 42. The new members are: Dubai Silicon Oasis, SquareCircle Tech, Klatham & Watkins LLP, Ericsson, Visa,, Quisk, First Gulf Bank, and Dubai Trade.
The Council was launched in February this year with 33 members as part of the Dubai Museum of the Future Foundation’s efforts to adopt the latest technologies and innovation practices at the global level and explore their impact on different sectors.
Among the new members, Quisk and Ribbit are major champions in blockchains. The cloud-based Quisk solution utilises mobile phone numbers and a secured PIN to create and access a new type of digital cash account. On Ribbit, buyers and sellers of new and used goods and services can transact in just about any combination of digital currencies. Financial services entity Visa’s innovation division is active on epayment and security of the network. Visa has recently invested in Chain Inc, a San Francisco-based blockchain and financial network startup.
Saif Al Aleeli, Chief Executive Officer of Dubai Museum of the Future Foundation, said: “We are delighted to have more companies on board the Global Blockchain Council, which has been witnessing growing interest from leading entities from around the world. The Global Blockchain Council offers a platform for companies to explore new projects based on digital cash and the potential of this technology for the future marketplace.”
Dubai Museum of the Future Foundation established the Global Blockchain Council to explore and discuss current and future applications and organise transactions through the Blockchain platform which records every transaction made by smart contracts and digital currencies. The Council will highlight the implications of this innovation on the future of business and finance sectors, and its role in facilitating transactions within the various sectors of financial and non-financial sectors as well as to increase efficiency and reliability levels.
The Council was established as a model to explore the emerging technologies and study their application and their implementations which will help the UAE’s future and position the UAE and Dubai as one of the world’s earliest technology and innovation adapters.
The Global Blockchain Council members comprise potential key players in the Blockchain industry, including government entities, international companies, leading UAE banks, free zones, and international Blockchain technology firms.