UAE to Hold a Dedicated Blockchain Aviation Event in Its Capital City to ‘Unlock the Potential’
The aim of a conference hosted in the UAE Capital, Abu Dhabi is to improve blockchain adoption and use in the aviation sector.
The conference is scheduled to hold from the 2nd to the 4th of April this year and was made public at a press release today by the Emirates News Agency.
About The Conference
The conference themed “Blockchain: unlock the potential”, intends to promote the potential of blockchain technology in the aviation sector, and an extension of the adoption to the world at large.
The conference also promises the presence of at least 800 participants, from about 100 countries.
It was also stated in today’s press release that the crown prince of Abu Dhabi, his Highness Sheikh Mohamed Bin Zayed Al Nahyan, is the conference’s patron. Other identified dignitaries in attendance, are the UAE’s minister of economy, and a London’s Heathrow airport executive, both of which are speakers at the event.
UAE As A Blockchain Proponent
The capital of the UAE won the bid to host this conference because of the constant efforts of their government to apply blockchain technology to improve its economic impact at the state levels.
The DG of the country’s aviation authority, the GCAA, Saif Mohammed Al Suwaidi, gave his comment in the press statement saying
“Selecting the UAE is a testament to our leadership’s continuing efforts towards investing in new technologies across different domains including the aviation sector and in maintaining strong partnerships between the government and the private sector, and the continuous endeavors in exploring methods to improve aviation business practices in a dynamic and thriving environment.”
The conference would involve discussions on opportunities in financing, business, and provide opportunities for blockchain application in various areas of aviation ( with a focus on aircraft and other aviation assets)
This conference is occurring only 2 weeks after a blockchain event held in the same city focused on the Fintech space and cryptocurrencies.
In the local authority space, the chairman of the UAE Banks Federation, Abdul Aziz Al- Ghurair gave his opinion saying
“It is essential that we develop frameworks and regulations that govern these technologies and developments”.
As the aviation industry looks towards blockchain technology, the National Aeronautics and Space Administration is currently considering blockchain applications in the management of air traffic control.