Aug 22, 2016
UAE considers blockchain technology to prevent global trade of ‘conflict diamonds’
Posted by Karen Hurst in categories: bitcoin, finance
New methods to counter attack fraud.
“We have introduced the possibility of using blockchain technology to create a seamless and continued global process for the KP certification scheme,” he said.
Blockchain is one of the most significant elements of the revolution in financial technology – fintech – that has been enthusiastically adopted by the UAE. Both Dubai and Abu Dhabi are setting up centres of excellence in fintech.