Wednesday, August 30, 2017

Major Oil Producing Regions Move to Adopt Blockchain in Their Operations

Major Oil Producing Regions Move to Adopt Blockchain in Their Operations


Several countries in the world’s biggest oil producing regions are moving to adopt Blockchain technology in their operations. In Gulf Cooperation Council (GCC) countries, the race to adopt the technology is being led by the United Arab Emirates (UAE).

Among the UAE projects is the “Dubai Blockchain Strategy,” in which the smart city of Dubai aimsto use Blockchain tech in all of its government agencies by 2020.

According to Smart Dubai Office Director General, Dr. Aisha bin Bishr, they are making sure that the novel technology will suit the city’s requirements:

“We’re taking the responsibility here in Dubai to make sure that we shape this nascent technology and make it happen in a way that really suits [the] city’s needs.”


Full story at http://bit.ly/2wJjd1l


Source: CoinTelegraph


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