The Dubai Chamber of Commerce and Industry (DCCI), and the Dubai Future Foundation (DFF) recently announced the launch of the Digital Silk Road project
The project will focus on using blockchain technology to eliminate weaknesses in the global trading system
The initiative hopes to improve transparency within supply chains and help speed up transactions, improve security and reduce counterfeit goods trade
Digital Silk Road is part of Dubai 10X, an inititaive launched by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. The goal of Dubai 10X is to place the city ten years ahead by embracing disruptive innovation.