Dubai – United Arab Emirates – 15 October 2024: Future Blockchain Summit 2024 continued on day three at Dubai Harbour, with a focus on sustainable development and circular economy.
Today, the Future Blockchain Stage showcased groundbreaking discussions on the pivotal role of blockchain technology in driving sustainable development.
In the keynote session by Matthew White, CEO of VARA on ‘Why is Blockchain important?’, he highlighted, “Blockchain is not just about technological innovation; it’s about a trust revolution. It allows us to fundamentally rethink how we interact with each other, build societies, and create economies that work for everyone. In a world where trust in institutions is breaking down, blockchain offers a way to rebuild it stronger and more resilient than before. It provides the tools to create a more inclusive, transparent, and fair society. Whether it’s empowering farmers to sell directly to global markets, allowing individuals to store and transfer value securely without intermediaries, or creating new systems of governance, blockchain will help us reshape the very foundations of how we live and work.”
Another session “The Future of Virtual Asset Regulation”, saw Prof. Ikhlaq Sidhu, Dean, IE School of Science and Technology, discuss the current state of development in the virtual asset space with Vinit Shah, Senior Advisor, Virtual Assets Regulatory Authority (VARA), Dr Paolo Tasca, Co-Founder & Co-Chairman, DLT Science Foundation, Michael Ashby, CEO, AlgoQuant, and Talal Tabbaa, CEO & Founder, CoinMENA.
Shah commented, “As the adoption of virtual assets across all sectors of the economy starts growing, we need to create frameworks that keep pace with innovation. As regulators, our aim is to stay close to and in step with innovation to provide the right amount of support and security to investors and market participants.”
With companies adopting blockchain to achieve significant cost-savings through improved inventory management and reduced transactional friction, Firdosh Sheikh, Founder & CEO of DRIFE, emphasized the importance of individual and corporate responsibility in sustainability. She also discussed blockchain’s role in promoting transparency and incentivizing green practices. She suggested that policymakers and blockchain companies should collaborate to build more incentive mechanisms, in turn, encouraging people to make environmentally conscious purchases.
A key highlight of the day was Blockchain Demo Day, a platform dedicated to innovation, collaboration, and growth, featuring ten exceptional blockchain projects from around the world, including those by Kana Labs, Universal Tokenized Technologies Ltd., Breach Insurance, to name a few.
Future Blockchain Summit 2024 will conclude tomorrow (16 October), and spotlight on Web3 and the future of connectivity as part of its agenda.
For more information about the summit and agenda, visit www.futureblockchainsummit.com/
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About Future Blockchain Summit
Future Blockchain Summit is the leading blockchain exhibition and MENA region’s most immersive large-scale blockchain event. Capitalising on Dubai’s status as a global Web3 hub, the event will unite the entire blockchain and crypto ecosystem and provide a leading platform to foster collaboration.
Powered by GITEX Global, the seventh edition of Future Blockchain Summit will bring together more than 1200 investors, 150 exhibitors, and 120 speakers from across countries at the iconic Dubai Harbour, from 13-16 October 2024. It will take place alongside GITEX Impact, Expand North Star, FinTech Surge and Marketing Mania.
Expand North Star
Expand North Star 2024, the world’s largest event for start-ups and investors, will bring together leading founders, VCs, tech innovators, and ecosystem enablers to the Dubai Harbour, taking place from 13-16 October 2024. Hosted by the Dubai Chamber of Digital Economy and organised by Dubai World Trade Centre, Expand North Star features four co-located events: GITEX IMPACT, Fintech Surge, Future Blockchain Summit, and Marketing Mania. This 9th edition will welcome over 1,800 global startup exhibitors, 1,200 investors, and 250 speakers from 100 countries. The show is inspired by the world largest tech show, GITEX GLOBAL, which will take place from 14-18 October 2024, at Dubai World Trade Centre.
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