Wed 25-04-2018 22:59 PM

Dubai's Blockchain Summit to host global innovators and transformative startups

DUBAI, 25th April, 2018 (WAM) -- Future Blockchain Summit today announced that the event will host the Global Blockchain Startups Marketplace at its inaugural edition from May 2-3, 2018 at Dubai World Trade Centre. The event, hosted by the Smart Dubai Office and organised by Dubai World Trade Centre, is slated to be the world’s most influential and creative blockchain festival.

Blockchain adoption continues to grow across industries world-wide with total spending on blockchain solutions set to grow to $9.7 billion in 2021 according to IDC. Startups in the nascent blockchain industry are driving this growth and new innovations have attracted high-growth capital with investments reaching $3 billion at the end of 2017.

In line with Dubai’s role in creating a world-class innovation environment, foster local entrepreneurship and attract international innovators, Future Blockchain Summit will see ground-breaking local and international startups seeking to showcase their solutions, attract investments and disrupt industries. With 47% of the startups coming from overseas, the Summit showcases the world’s best blockchain innovators from Estonia, Serbia, Singapore, China, India, UK, USA and Australia, in addition to homegrown entrepreneurs from the UAE.

With a commitment to drive wide-spread adoption of blockchain solutions, Dubai is unlocking unique opportunities for innovative startups to partner with and shape the future of the Emirate from across sectors including retail and ecommerce, creative economy, healthcare, transportation, education, food, hospitality and tourism, energy, fintech and banking as well as safety and security.

Dr. Aisha Bint Butti Bin Bishr, Director General, Smart Dubai Office said, "Blockchain is poised to create multibillion dollar industry-wide impact, and startups from across the world are accelerating the growth and adoption of this innovation. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai recently announced the Emirates Blockchain Strategy, committing to 50% of government transactions over the blockchain platform by 2021. This is yet another step we have taken to embrace this breakthrough technology. With Dubai as the host of the Future Blockchain Summit, we look forward to welcoming innovative entrepreneurs, demonstrate our city’s progress, and drive dialogue about opportunities that this game changing technology presents."

Matthew Van Niekerk, co-founder and CEO of SettleMint a Belgian startup active in the Middle East for over a year, and an exhibitor at the Summit, said: "It is predicted that the global blockchain industry will expand 43 percent on average every year until 2022 and it is poised to create a monumental global impact to transform traditional industries. As a fast growing startup, we recognise the opportunities that the Future Blockchain Summit will create, allowing for access to potential partners, innovators, investors and more. Leveraging blockchain technology will help organisations in the middle east improve operational efficiency or reinvent their business model at a fraction of the cost."

The Summit also features the Smart Dubai Blockchain Challenge Grand Finale and Award Presentation on May 4, the largest and most prestigious blockchain startup challenge in the world, where 15 blockchain startups from around the world vie for the US$20,000 prize and the chance to meet world-leading investors, network with VIPs and connect with potential customers.

Brian Behlendorf, Executive Director, Hyperledger, Linux Foundation and keynote speaker at Blockchain Future Summit said: "The excitement around blockchain technologies is phenomenal, and I truly believe we are on the cusp of transforming economies on a global scale. The growing number of startups in this space is indicative of the potential innovators see in blockchain technology, and Dubai’s planned city-wide implementation of blockchain will further strengthen its position as a global innovation destination." Hyperledger is the biggest network of blockchain developers and programmers in the world.

"The Future Blockchain Summit will be a world-class confluence of the brightest minds, industry leaders, and innovators, who are leveraging blockchain solutions to reimagine how we will engage with technology in the future. The UAE is in the vanguard of global blockchain adoption and has fostered a strong community of local entrepreneurs. We have reached out far and wide to find the best startups from across the world and expect a lot of organisations to source their Blockchain solutions at the summit" said Trixie LohMirmand, Senior Vice President, Events Management, DWTC.

The two-day event at DWTC will bring together over 5,000 global blockchain experts and visionary technologists from around the world including Alex Tapscott, CEO and Founder, Northwest Passage Ventures; Dr. Larry Sanger, Co-founder, Wikipedia; Two-time Grammy Winner Imogen Heap, CEO, The Featured Artists Coalition; and Brock Pierce, Founder, advisor, mentor and board member of GoCoin, Tether, EOS, BitGo, ChangeTip, BlockStreet, Coin Congress, and Plug and Play.

 

WAM/Tariq alfaham/Hassan Bashir