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The Largest Bank in UAE Will Implement Blockchain Finance Solutions

M. Ali

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Emirates NBD (National Bank of Dubai), one of the largest banks in Middle east will provide finance solutions for the Digital Silk Road – a Dubai 10X initiative using blockchain technology to digitize and simplify trade processes.

According to Khaleej Times, Emirates NBD has signed a memorandum of understanding with Dubai Chamber of Commerce and Industry (DCCI) to implement the Digital Silk Road.

The agreement was signed by Hamad Buamim, President & CEO of Dubai Chamber and Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, at a recent ceremony which was held at Dubai Chamber’s headquarters and attended by officials and directors from both organizations.

The Digital Silk Road is a blockchain platform aims to reshape the global trading system and eliminate trade barriers. It utilizes blockchain technology to increase the transparency and efficiency of supply chains through a comprehensive automation process.

Hamad Buamim, President & CEO of Dubai Chamber said, the Digital Silk Road aims to transform the way Dubai trades with the world and noted that the digital platform will offer several competitive advantages and benefits to companies in Dubai, including lower trade costs, faster delivery of goods, seamless trade processes, and enhanced security and transparency.

Emirates NBD is the first national bank established in Dubai and the United Arab Emirates and was founded in 1963 by Dubai’s ruler Sheikh Rashid bin Saeed Al Maktoum. It is currently largest banking groups in the Middle East in terms of assets.

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at [email protected]

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Video: Bloomberg – Blockchain Industry Should Thank Facebook

Sying Tien

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Blockchain Industry Should Thank Facebook

During an interview held by Bloomberg Markets with Yuval Rooz, he said: This entire industry should thank Facebook for their effort.

He added: I think that those that were skeptic have gotten a wake-up call and that’s a good thing because at the end of the day this technology will happen and will shape the next generation of technology so from that perspective I think the industry owes a lot of thanks to Facebook.

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Enjin Goes Live

Sying Tien

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Enjin (ENJ) , the blockchain gaming platform is now live on Ethereum Mainnet. Enjin project is a robust, all-in-one blockchain game development platform that helps developers crowdfund, grow, monetize, and design the digital world of their dreams.

To celebrate the public launch of the new Enjin Platform, Enjin will be giving away limited-edition collectibles, ENJ based gaming assets and 50,000 Enjin coins.

Enjin has its own marketplace EnjinX, where users can buy/trade any ERC-1155 assets to used in Enjin based games. The market is currently charging 2.5% trading fees.

Last year, Enjin announced a partnership with Samsung that integrated ENJ technology with Samsung Galaxy S10 models. This announcement sent the price skyrocketing and created a major media buzz for Enjin Coin (ENJ).

All assets/items created using Enjin’s development platform are backed by a nominal amount of Enjin Coin (ENJ) to certify their authenticity. The Enjin Coin ICO was held in 2017, raising approximately $22 million worth of ETH.

Enjin (ENJ) Coin Price Chart

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Video: TEDx – A Blockchain-based Decentralized university

Sying Tien

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TEDx - A Blockchain-based decentralised university

Professor John Domingue, Director of the OU’s Knowledge Media Institute, discusses developments in technology at TedX

I believe that with blockchain technology we can create a radically new type of university: a DAO University. A DAO is a Decentralised Autonomous Organisation which operates with no central control and no humans in the loop and are based on Smart Contracts: pieces of computer code on a blockchain which can represent and enact financial and legal contracts.

In a DAO University value and reputation associated with teaching and learning would be accounted for through a blockchain with no central control. Instead the whole learning community would agree how the educational elements, for example, learning materials, teaching resources and teaching delivery are shared and recompensed.

A DAO University is a next step evolution in higher education. A born digital community owned educational institution for the 21st Century. Open University Professor. Director of the Knowledge Media Institute and President of STI International. Published over 270 articles in the areas of semantics, the Web, distributed ledgers and eLearning. Instrumental role in the EU-funded project, QualiChain, which aims to revolutionise public education and its relationship to policy making and the labour market.

*Video Courtesy Of TEDx.

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