Both entities look towards boarding global enterprises and government authorities on the blockchain, using private blockchains, smart contracts, and tokens
The Dubai Blockchain Centre (DBCC), a training and consulting Blockchain firm in UAE and Chaintech Labs Ltd (CTL), a blockchain research and development house incorporated in the Dubai International Financial Center, have partnered to foster long-term blockchain technology research and development for enterprises and government authorities in the GCC region.
The Memorandum of Understanding (MoU) formalises the mutual interaction and strengthens the existing relationship between the Dubai Blockchain Center and Chaintech Labs Ltd at the strategic and working levels. The agreement focuses on onboarding global enterprises and government authorities on the blockchain, the development of standards for public and private blockchains, smart contracts, and fungible- and non-fungible tokens.
Erik Lydecker, Managing Director at CTL, stated, “We are honoured and humbled for the trust and support we have received from the Dubai Blockchain Centre in leading all blockchain technology endeavours in the UAE and beyond. We are very excited to be operating with a partner like the DBCC, in the world’s most progressive and bold country, in terms of incorporating and implementing cutting-edge technologies across all industries.”
Dr Marwan Al Zarouni, CEO at DBC, added, “Our objective is to support creators and innovators in the crypto and blockchain space. This is in line with Dubai’s Metaverse Strategy, which was announced recently. Our cooperation with CTL enables us to tap into their community and create more opportunities for projects within the metaverse and NFT space as well as create, support and foster talent in Dubai, the UAE and beyond.”
