Dubai Customs has reportedly launched a new blockchain platform designed to increase business transparency and simplify cross-border e-commerce. The move, announced on July 8, marks a major step towards the emirate’s becoming a global e-commerce hub.
The newly launched platform is part of Dubai’s wider digital transactions strategy, spearheaded by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
Dubai Blockchain Platform is fully operational
During the "First UAE Customs Week 2020", the Dubai government officially launched its blockchain cross-border platform, which has been in trial operation since September 2019 and has been developed in two main phases. At present, the first phase of work has been successfully completed, focusing on enhancing the export transaction capabilities of e-commerce through express delivery services.