Global Blockchain Announces Dubai-Based Subsidiary to Develop Distributed Ledger Technology Services and Solutions Within the DMCC Free Trade Zone
Global Blockchain Technologies (CSE:BLOC) has announced that its subsidiary in Dubai, Blockchain Technologies DMCC, has been licensed to develop software, including distributed ledger technology services and solutions, within the DMCC Free Trade Zone. As quoted in the press release: The DMCC Free Trade Zone is home to over 15,000 multi-national corporations and has over 60,000 …
Global Blockchain Technologies (CSE:BLOC) has announced that its subsidiary in Dubai, Blockchain Technologies DMCC, has been licensed to develop software, including distributed ledger technology services and solutions, within the DMCC Free Trade Zone.
As quoted in the press release:
The DMCC Free Trade Zone is home to over 15,000 multi-national corporations and has over 60,000 employees from 170 countries worldwide.
BTD is now in a position to offer blockchain based infrastructure, middleware and other ancillary services to the DMCC Free Zone and customers throughout the Middle East region, who can now partner with BTD to take advantage of the United Arab Emirates’s strategy to accelerate the development of blockchain technology.
BLOC will strategically identify opportunities to introduce blockchain technologies to enhance existing business functions and marketplaces in the region.
Specific areas of interest include: optimizing trade finance and supply chain solutions for commodities transactions, diamond trading and provenance authentication, distributing renewable energy resources and developing a spot market for gold bullion trading.
Theo van der Linde, the Company’s CFO stated, “We have made our relationships in this region a priority focus given the Company’s view that blockchain solutions are particularly relevant and sought after in this area. With the granting of this license, our presence in Dubai will expand as we drive solutions toward this new base of customers.”
DMCC was named ‘Global Free Zone of the Year’ in 2017 by The Financial Times fDi Magazine, for the third year running and serves as a global marketplace for commodities to drive trade flows through Dubai and the region. As a DMCC licensed company, BTD operates in a secure regulated trading environment and offers a service to global investors to the highest standards of international compliance.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1769.44 | +0.58 | |
Silver | 19.27 | +0.05 | |
Copper | 3.45 | +0.03 | |
Palladium | 1941.50 | +13.50 | |
Platinum | 869.50 | +4.50 | |
Oil | 101.50 | +2.00 | |
Heating Oil | 3.64 | +0.04 | |
Natural Gas | 5.61 | +0.09 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.