AIBC UAE summit gets overwhelming response in Dubai

“The UAE and Dubai and are always at the forefront of innovation and blockchain and crypto assets still have huge potential for growth and innovation. This is true in regards to both the technology and the financial aspects. We as Dubai Blockchain Center aim to create a fertile environment to foster innovation and educate everyone on the applicable use-cases of this revolutionary economic system that is created by blockchain technology,” said Dr Marwan Alzarouni, CEO, Dubai Blockchain Centre, who gave the opening speech at the summit on Tuesday.

The organisers of the AIBC Summit, who are promoting futuristic technologies, have expressed interest to work with the UAE leaders at the forefront. “We are always eager to work with various leaders across the UAE and are delighted to be able to offer a platform to showcase the industry at its best. A growing reputation as a financial and tech hub for the emerging digital world has fuelled interest from entrepreneurs focussed on exploring new niches in innovation and economic diversification - making it an ideal host city for AIBC. Heavy investment in building a strong regulatory framework and strong support from the government means that the region continues to play a pivotal role in connecting the blockchain and crypto ecosystem on both a local and global stage. It is undeniable that blockchain and crypto assets are set to disrupt the future in a way that will revolutionise economic opportunity for all sectors across the UAE,” said Eman Pulis, group founder of SiGMA.

Event sponsor, Arabian Bourse, stressed that it is constructive to explore the latest fin-tech, virtual asset, and AI initiatives, promoting cross-border collaborations and determining the untapped opportunities under one roof. Arshad Khan, CEO of Arabian Bourse, said: “The AIBC Summit was a well-executed event, different from the usual. I enjoyed attending an in-person summit after such a long time. The summit successfully created an ecosystem involving some major players in the industry from all over the world.”

Khan highlighted the impact of regulations and policies on international crypto-trading. The presentation focussed on the importance of regulations for the organic growth of the virtual assets industry.

Prof. Scott Stornetta, Co-founder of Early Blockchain, said: “The UAE has built a crossroads of commerce and prosperity in the middle of the desert by creating a safe and welcoming environment that allows innovation to flourish. So I believe it will create another miracle in the desert using blockchain and crypto assets by uniquely combining technological innovation with the deep traditions of Islamic finance and its humanising effect on capitalism. I look forward to the UAE witnessing the and would be happy to support it in any way I can.”