A Crypto Valley Collaboration in Dubai to Boost the Blockchain Ecosystem

A Crypto Valley Collaboration in Dubai to Boost the Blockchain Ecosystem

DMCC - the world's flagship free zone and Government of Dubai Authority on commodities trade and enterprise - announced its strategic partnership with CV Labs in Switzerland, to launch Crypto Valley - the world's largest ecosystem for cryptographic, blockchain and distributed ledger technologies - in Dubai, the United Arab Emirates (UAE).. "DMCC is delighted to sign this agreement with CV VC, and launch the Crypto Valley in Dubai, at the very heart of Dubai's leading business district,". The launch of the Crypto Valley in DMCC will enhance the city's dynamic business environment, and support the wider strategy of the UAE Government to attract the innovators, entrepreneurs and pioneers that will shape the future economy,". The agreement commits both parties to collaborate and develop a comprehensive DMCC Blockchain Strategy that is aligned with the Emirates Blockchain Strategy 2021, and supports the Dubai Blockchain Strategy launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.. Research from DMCC's Future of Trade report found that blockchain could help reduce up to 20 per cent of the actual physical paper costs associated with global trade, currently estimated at AED 6.6