Shiba

Enhance

Shiba Inu

Dubai

<ul>
 <li>Bin Sulayem pointed out that blockchain technology simplifies several processes.</li>
 <li>The objective is to create a more transparent, efficient, and easy environment.</li>
</ul>
A new blockchain platform has been launched by Dubai Customs. With the objective of easing bottlenecks in the supply chain both inside and outside of <a href="https://thenewscrypto.com/blockchain-life-2024-to-take-place-in-dubai-as-the-peak-of-bull-run-is-coming/" target="_blank" rel="noopener noreferrer nofollow">Dubai</a>. According to a statement released on July 8 by the Dubai Media Office, the blockchain solution was introduced as a component of a larger plan to establish Dubai as a preeminent “smart” city.
According to Ahmed bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation, this development showcases the goal of transforming Dubai into a world-renowned center for commerce and logistics.
<h3 class="wp-block-heading" id="h-increasing-supply-chain-transparency">Increasing Supply Chain Transparency</h3>
When it comes to expediting customs clearance and business transactions, Bin Sulayem pointed out that the <a href="https://thenewscrypto.com/istanbul-blockchain-week-2024-partners-with-fortune-magazine-turkiye/" target="_blank" rel="noopener noreferrer nofollow">blockchain</a> technology simplifies several processes in an attempt to save time and effort. Furthermore, it will lessen the burden of paperwork often associated with these operations. And enable tamper-proof data exchange, both of which would increase supply chain transparency.
Moreover, Dubai Customs Director General Dr. Abdullah Busnad said that the objective is to create a more transparent, efficient, and easy environment for businesses to operate in. The promise of blockchain technology to prevent fraud and counterfeiting by monitoring the real-time flow of goods in supply chains has been around for a while.
Still, in 2022, scholars maintained that there are still barriers to widespread use. In November 2022, IBM, a computer manufacturer, discontinued a blockchain supply chain platform that had great potential.
<a href="https://www.ibm.com/in-en" target="_blank" rel="noopener noreferrer nofollow">IBM</a> and its logistics partner Maersk of Denmark said that the lack of cooperation across industries throughout the world was a major factor in their decision to end TradesLens. Having said that, there are a plethora of other platforms and blockchains available, with more and more developments taking place.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/shiba-inu-lead-developer-teases-new-expansion-and-strategic-plans/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Lead Developer Teases New Expansion and Strategic Plans</a>

Dubai Customs Launches Blockchain Platform to Enhance Supply Chain Efficiency

Table of Contents

TheNewsCrypto

Other articles published on Jul 9, 2024

GMX (GMX) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

TeraWulf Repays $77.5M Debt Early, Plans Major Infrastructure Expansion

Here’s Why Meme Coins Remain a Top Investor Choice Despite High Risk

Best Airdrops for NFT and DeFi Fans

Altcoins Experience Significant Fluctuations in Recent Market Movements

Chainlink and Instruxi Partner to Strengthen Digital Asset Tokenization

Join our free newsletter for daily crypto updates!