The Middle East is ready to launch its own bitcoin?

The Middle East is ready to launch its own bitcoin?

The uninitiated, block chain technology may make it feel very confused. For those in the past few years just beginning to understand the rise of bitcoin people, this is particularly obvious.

Block chain is called the digital pillar other bitcoin digital currency or encryption, is a kind of digital ledgers, provide to the center of the record keeping and transaction processing encryption system.

Let the individual and the company can in no middleman or trusted intermediary involved in the case of online business chain blocks to the center of the characteristics, so as to cut spending.

Saudi entrepreneurs are now trying to MohammedAlsehli through the successful mode of his company ArabianChainTechnology and DubaiCoin-DBIX copies of bitcoin in the Arabia world, and this might be the first digital currency in the middle east.

Alsehli says the goal is not to simply copy the world in Arabia bitcoin mode, but the change in the Middle East “after the digital era” mode.

The DubaiCoin can be programmed on behalf of the company’s shares, or on behalf of the votes cast in the election.

Alsehli told AlArabiya:

“We have no direct development similar to the bitcoin currency, so we developed a platform called ArabianChain, it is the first open and appropriate block chain in Arabia world. The block chain to run, you need a fuel, this is the need to place Dubaicoin. So Dubaicoin is the platform of fuel and encryption currency.”

Round of financing

Now, the company has attracted more and more attention, especially in recent times to raise 3 million di Rahm ($800 thousand) of funds.

Alsehli said: “our goal is the trend of technology and the world is gradually turning to block chain as a disruptive technology, and fundamentally, this technology is changing the way of economic operation, the enterprise transaction and cooperation with each other, and this technique will also help to change our current understanding of the ecological system.”

Let the individual and the company can in no middleman or trusted intermediary involved in the case of online business chain blocks to the center of the characteristics, so as to cut spending.

ArabianChain is headquartered in the United Arab Emirates, the country is doing what they can to help the Middle East after the development of the Americas, Europe and Asia, and in the past several years, has played an important role in the process of digital block chain in these areas in some industries.

The National Bank of Abu Dhabi said in February, it has become the first Middle East and North Africa, the Bank launched the blockchain real-time cross-border payment services, the latest company using the technology of the lending institutions.

The emirate of Dubai said in 2021 it hopes to achieve a paperless, and has launched a smart Dubai (SmartDubai) plans to achieve this goal.

Technology economy

ArabianBugshanGroup is a member of the board of directors of HouseofInventionInternational, vice president of ArabianChain’s latest round of financing investment manager Eng.AhmadAbdullahBugshan said: “in the region, especially in the Gulf region, is strategic to technology oriented economy, which is affecting business transactions with the government and the private sector. I think the area is in the leading position in the block chain, while ArabianChain is conducive to innovation and promote the disruptive technology and the.”

This change is normal, so change is inevitable. This is going to happen. But the question is: are we ready? How do we maintain their importance in this enormous change across the globe?

Tunisia has also started using this technology into public institutions, the national postal service announced the related start-up plan with a block chain, by the company responsible for the introduction of digital currency bitcoin.

Arabia World Investment

BlockchainFounder PeterSmith said in a speech in Davos this year, the world economic forum AlArabiya news channel special group, the company is very pleased with the cooperation of the Arabia world “extraordinary perseverance” area.

Smith said to AlArabiya:

“We plan to invest heavily in the Arabia area, because this area in the mastery of new technology and the introduction of new technology to make the economic benefit of it, with extraordinary willpower to leap forward.”

Saudi Telecom Company KhaledBiyari agreed and said, especially for their countries and neighboring countries, centralized policies to promote the digital transition has developed fast enough.

Biyari said:

“Saudi Arabia and other Gulf countries have long been dependent on natural resources, so our vision is to shift the focus to investment in science and technology.”

Alsehli admits, like start-ups like ArabianChain will not change everything in one day, but he said the trend of the world is changing, and the Middle East must be chased to stay competitive.

He said:

This change is normal, so change is inevitable. This is going to happen. But the question is: are we ready? How do we maintain their importance in this enormous change across the globe? Now, we are helping to maintain this trend, and its importance in the upcoming change.”

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