Shiba

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Shiba Inu

Dubai

<ul>
 <li>Bin Sulayem pointed out that blockchain technology simplifies several processes.</li>
 <li>The objective is to create a more transparent, efficient, and easy environment.</li>
</ul>
A new blockchain platform has been launched by Dubai Customs. With the objective of easing bottlenecks in the supply chain both inside and outside of <a href="https://thenewscrypto.com/blockchain-life-2024-to-take-place-in-dubai-as-the-peak-of-bull-run-is-coming/" target="_blank" rel="noopener noreferrer nofollow">Dubai</a>. According to a statement released on July 8 by the Dubai Media Office, the blockchain solution was introduced as a component of a larger plan to establish Dubai as a preeminent “smart” city.
According to Ahmed bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation, this development showcases the goal of transforming Dubai into a world-renowned center for commerce and logistics.
<h3 class="wp-block-heading" id="h-increasing-supply-chain-transparency">Increasing Supply Chain Transparency</h3>
When it comes to expediting customs clearance and business transactions, Bin Sulayem pointed out that the <a href="https://thenewscrypto.com/istanbul-blockchain-week-2024-partners-with-fortune-magazine-turkiye/" target="_blank" rel="noopener noreferrer nofollow">blockchain</a> technology simplifies several processes in an attempt to save time and effort. Furthermore, it will lessen the burden of paperwork often associated with these operations. And enable tamper-proof data exchange, both of which would increase supply chain transparency.
Moreover, Dubai Customs Director General Dr. Abdullah Busnad said that the objective is to create a more transparent, efficient, and easy environment for businesses to operate in. The promise of blockchain technology to prevent fraud and counterfeiting by monitoring the real-time flow of goods in supply chains has been around for a while.
Still, in 2022, scholars maintained that there are still barriers to widespread use. In November 2022, IBM, a computer manufacturer, discontinued a blockchain supply chain platform that had great potential.
<a href="https://www.ibm.com/in-en" target="_blank" rel="noopener noreferrer nofollow">IBM</a> and its logistics partner Maersk of Denmark said that the lack of cooperation across industries throughout the world was a major factor in their decision to end TradesLens. Having said that, there are a plethora of other platforms and blockchains available, with more and more developments taking place.
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Dubai Customs Launches Blockchain Platform to Enhance Supply Chain Efficiency

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