Dubai Customs Launches Blockchain Platform

Dubai Customs Launches Blockchain Platform

To enhance commercial efficiency and transparency

Dubai Customs has announced the launch of its blockchain platform in a pioneering step aimed at enhancing efficiency and transparency in commercial operations within Dubai and across borders.

This secure and efficient digital network marks a significant achievement in the digital transformation journey, aiming to strengthen collaboration between government entities and logistics industries.

His Excellency Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation, stated that the launch of the platform is part of Dubai's blockchain strategy for digital transactions initiated by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai.

The inherent transparency of blockchain technology will enhance trust throughout the commercial process, allowing all participants direct access to a secure record that they can verify independently.

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Additionally, blockchain enables real-time tracking of goods, providing greater visibility into the supply chain and facilitating efforts to combat fraud and counterfeiting.

The new platform also helps consolidate Dubai’s entrepreneurship and global competitiveness capabilities.

Bin Sulayem said: “We are proud to launch the new blockchain platform, which represents a quantum leap in enhancing the efficiency of business operations in Dubai. This innovation reflects our vision to make Dubai a global hub for trade and logistics.

"We believe that adopting modern technologies like blockchain will significantly contribute to improving the business environment and enhancing Dubai's position as a major centre for global trade.

"We are committed to supporting all efforts aimed at improving and simplifying business operations in Dubai and supporting its digital strategy.”

Array of benefits

Bin Sulayem emphasised that the new blockchain platform will provide numerous benefits that significantly enhance business operations.

This is achieved through simplified procedures to expedite customs clearance and commercial transactions, thereby saving time and effort for all parties involved.

Furthermore, it facilitates secure and tamper-proof data sharing to enhance trust and visibility across the supply chain, thereby contributing to building more transparent and reliable business relationships.

Additionally, reducing paperwork and streamlining processes leads to substantial cost savings.

Dr. Abdullah Busnad, Director General of Dubai Customs, highlighted that the blockchain platform launch is a crucial step in facilitating trade movement and enhancing Dubai's position as a global logistics hub.

Dr. Busnad said: “We always strive to contribute to achieving the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in enhancing Dubai's sustainable business environment through digital initiatives."

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