[2017-02-07] News18: Dubai Government, Companies Team up With IBM on Blockchain

Dubai Government, Companies Team up With IBM on Blockchain Project

http://www.news18.com/news/tech/dubai-government-companies-team-up-with-ibm-on-blockchain-project-1346209.html

Dubai, one of the world’s largest trading hubs, has linked up with IBM to launch a scheme using blockchain computing technology to process transactions and keep track of goods being shipped, IBM said on Tuesday.

The initiative will provide real-time information about the state of goods and the status of their shipment to Dubai's customs and trade agencies and companies involved in the trade process, IBM said.

Dubai, which registered 647 billion dirhams ($176 billion) of non-oil trade in the first half of 2016, has cemented itself as one of the largest re-export centres for goods flowing between Asia and the Middle East and Africa.