Dubai, United Arab Emirates – (Newsfile Corp. – July 30, 2022) – The Dubai Blockchain Center (DBCC) and Chaintech Labs Ltd (CTL) announced a new collaboration agreement to promote long-term research and development in blockchain technology for businesses. and government agencies in the GCC region.
The agreement, in the form of a Memorandum of Understanding (MoU), formalizes mutual engagement and strengthens the existing relationship between Dubai Blockchain Center and Chaintech Labs Ltd at a strategic and operational level, with a focus on adapting global enterprises and governments. on the blockchain, development of standards for public and private blockchains, smart contracts, fungible and non-fungible tokens.
Dubai Blockchain Center and Chaintech Laboratories
The Dubai Blockchain Center aims to bring together blockchain thought leaders, developers, investors and educators. Hosting 101 Free Blockchain Introductory Sessions in Arabic and English, Hosting Use Case Focused Events.
Chaintech Labs Ltd is a blockchain R&D company registered with the Dubai International Financial Center and founded by a group of blockchain researchers and game developers based in Stockholm, San Francisco, New York and Dubai. Chaintech Labs Ltd is the owner of over 10 global NFT projects, including over a million people in its community, and the total market capitalization of the tokens is around $1 billion.
The DBCC and CTL share the common goal of serving the private and public interests. This Memorandum of Understanding provides for further strengthening of future collaboration between DBCC and CTL towards common goals that will improve the overall understanding of blockchain technologies and how they will benefit society as a whole.
Eric Lydecker, Managing Director of CTL, said:
“We are honored and humbled for the trust and support we have received from the Dubai Blockchain Center leading all blockchain technology efforts in the UAE and beyond. We are very pleased to work together with a partner like DBCC in the most progressive and courageous country in the world to introduce and implement advanced technologies in all industries.”
Dr. Marwan Al Zarouni, CEO of DBC, said:
“Our goal is to support creators and innovators in the field of cryptography and blockchain. This is in line with the recently announced Dubai Metaverse Strategy. Our collaboration with CTL allows us to connect with their community and create more opportunities for projects in the metaverse and NFT, as well as create, support and develop talent in Dubai, the UAE and beyond.”
Media contact information:
Name: Abdullah Mohamed Al Dhaheri
Location: DIFC, Dubai, UAE
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