THE BLOCKCHAIN REVOLUTION IS HERE. IT IS TIME TO DISRUPT CONVENTIONAL BUSINESS MODELS
Emerging governments in the technological sphere have started to realise that the potential of blockchain technology lies beyond the financial services sector. Countries such as Germany, Russia, Singapore, Saudi Arabia, UAE, Canada and even the US have envisioned the implementation of the ledger based technology into the public sectors, such as Communication, Healthcare and Transportation.
Dubai has embraced blockchain technology, and has even put forward plans to incorporate the technology into governmental operations. By 2020, all visa applications, bill payments and licence renewals will be transacted digitally through an electronic ledger. World Blockchain Summit in Dubai aims to bring together blockchain entrepreneurs, thought leaders and solution providers one roof to strategize and develop the technology to effect a shift in the global technology ecosphere, as well as provide opportunities to businesses improving the efficiency and application of the ledger based technology.