A new council called Dubai Future Council for Blockchain discussed proposed legislation. Expansion of blockchain technology implementation into a wide range of sectors is a purpose behind the proposed legislation discussion.
The Dubai Future Foundation (DFF) is a government administration who has set up the new council. The new council consists of 14 members from various government and international firms. It will be led by the Director General of Smart Dubai Dr. Aisha Bint Butti Bin Bishr.
The Dubai Future Councils initiative was set up at the beginning of 2019. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum is a Crown Prince of Dubai, United Arab Emirates. He is also a chairman of the Dubai Executive Council and a chairman of the Board of Trustees of DFF. He has set up this initiative. The new council is a part of this initiative.
Bin Bishr said, “The Dubai Future Council for Blockchain offers a prominent platform to explore challenges and find innovative and proactive solutions to make sure Dubai is prepared for the future of vital sectors in the Blockchain era, and for the opportunities this technology provides, which we hope to harness in the near future and make Dubai the smartest city in the world and a regional and global Blockchain hub. We will be working to advance Dubai’s digital transition through a series of solutions and tools, most notable of which is Blockchain technology.”
The belief of the government administration Dubai Future Foundation (DFF) is that the people and the environment of Dubai can provide a unique place for creating the future. Whereas affecting the future in a positive manner by today’s actions is a goal of DFF and thus people can benefit in every aspect globally, according to the official LinkedIn account of Dubai Future Foundation.
The new council will hold four meetings every year. Making plans and creating task forces are purposes of holding the meetings. Duties will be carried out while existing blockchain technology initiatives and plans will be followed up, Arabian Busines reported.