News, Software

Dubai launches halal blockchain

The International Center of Islamic Economy (ICIE) in cooperation with the Dubai Airport Freezone Authority (DAFZA) has launched the Halal Digital Chain project and the Blockchain Forum.

According to DAFZA, the project is part of major initiatives in line with the ‘Dubai: The Capital of Islamic Economy’ plan announced by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The two initiatives aim to diversify the UAE’s economy and promote its growth. They complement Dubai’s ‘Internet of Things (IoT) Strategy’ which calls on all organizations and bodies to join the smart digital transformation process.

Amna Lootah, Assistant Director General – Finance, Commercial & Customer Relation division, Foster of DAFZA Innovation & Future Unit, said, “Through its collaboration with the International Center of Islamic Economy, DAFZA affirms its commitment to supporting all efforts to promote Dubai’s leading position in all fields, especially as it has become a global model for economic diversification.

He added that the forum is part of endeavors to adopt the latest technologies that contribute to achieving the goals of Dubai Smart Plan 2021 which aims to make Dubai the smartest city in the world. “It also supports the Islamic economy and the development of the UAE’s Halal sector which ranked first in the Arab World and second globally in the Islamic Economy Index of 2016.”

Sultan bin Mohammed Al Howymel, CEO, ICIE, said, “By collaborating with DAFZA in organizing this forum, the ICIE reaffirms its commitment to promoting Dubai’s unparalleled achievements in becoming a leader of the global Islamic economy and supporting the ‘Dubai: The Capital of Islamic Economy’ initiative. Through this event, we look forward to bringing together investors in the Halal industry and supporting them in expanding their contacts by meeting with businessmen and experts on the Islamic economy.”

Howymel also noted that the collaboration will enhance innovation and help them benefit from the leading experiences of our strategic partners in the project. “This is so that we can establish a Halal Digital Chain that can raise the Halal industry to a new level by adopting smart solutions and Blockchain technology.”

The project is based on a comprehensive study of Halal Digital Chain technology and how it can be applied on the ground. It gathers industry leaders from the UAE and around the world and provides them with relevant information on the Halal industry in order to come up with new ideas for developing the sector and its involvement within the digital world through the blockchain processing of halal products and all aspects related to their manufacturing and production.

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