Increasing blockchain presence in aviation can kind the main focus of a dedicated conference in the national capital from April 2 to 4, official news portal Emirates News Agency confirmed in a press release on March 3.
Promising attending by 800 individuals from nearly a hundred countries, “Blockchain: Unlock the Potential” aims to bring the probabilities of the technology, as they touch the aviation business, to a worldwide stage.
The press release notes that the event is controlled below the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, crown prince of Abu Dhabi, and includes the country’s minister of economy and an executive from Heathrow Airport as speakers.
The United Arab Emirates (UAE) was elite as a number venue thanks to authorities’ current efforts to implement blockchain at the state level in varied areas of the native economy.
Saif Mohammad Al Suwaidi, director general of the UAE’s General Civil Aviation Authority (GCAA), commented within the press release:
“Selecting the UAE is a testament to our leadership’s continuing efforts towards investing in new technologies across different domains including the aviation sector and in maintaining strong partnerships between the government and the private sector, and the continuous endeavors in exploring methods to improve aviation business practices in a dynamic and thriving environment.”
Basic details regarding the conference reveal it’ll include blockchain applications throughout the business, together with craft and different assets, besides finance deals and different business-related processes.
The event comes around two weeks after Abu Dhabi hosted another blockchain-related event, this time directly tackling cryptocurrency and fintech phenomena.
The event drew supportive comments from local authorities on cryptocurrency, fuelling speculation the UAE could become a haven for digital assets.
“It is crucial that we tend to develop frameworks and laws that govern these technologies and developments,” Abdul Aziz Al-Ghurair, chairman of United Arab Emirates Banks Federation (UBF) aforementioned.
The aviation business itself additionally continues to appear into the blockchain, one recent case involving NASA that is considering applications of the technology in traffic management environments.