Dubai Department of Economics Presents Blockchain-Based Business Registry

Dubai’s Department of Economic Development has declared about its move to blockchain-based Unified Business Register platform (UBRP). October 7, the Saudi newspaper reported that the Department of Economic Development of Dubai will move to UBRP to regulate the business.

The goal of the blockchain solution is to ease managing business in Dubai and to enable license issuers to manage trade licenses and corporate registries.

The UAE set a goal to ensure 50% of government transactions based on the blockchain by 2021.

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