Bitdeal a reputed blockchain development company in Dubai, UAE expands its blockchain development services in and around Dubai, to favor the key industries like real estate, IT, Construction, Oil and Gas, Consultancies, Automotive, Healthcare, Transportation and more. Before briefing about our blockchain development services in Dubai, let us explain why we choose UAE as a promising marketplace.
The first reason is Emirates Blockchain Strategy.
Emirates Blockchain Strategy
The UAE government has proposed and launched the Emirates Blockchain Strategy 2021, which is to fulfill the vision of making dubai as the first blockchain powered smart city by 2020. This strategy has a goal of capitalizing blockchain technology to migrate almost 50% of government transactions on the layer of blockchain protocols before 2021.
By adopting blockchain technology, the UAE is expecting to save time, effort and resources in millions. Hence the Emirates government can meet the below goals with blockchain adoption.
Can save 11 billion AED in transactions
Can Save 398 million printed documents per year
77 million hours of work by the country in a year.
1.6 billion Kilometres spent on driving.
The Second Reason is UAE's Liberality on Blockchain Regulations and Taxations
Blockchain Regulations & Legislation in UAE
1. The UAE, Securities and commodities authority, government body of financial markets have issued a circular pointing out warning against investors who are involved in digital fundraising like ICO’s. It is clearly shown that ICO’s are not subjected to government rules.
2. Followed by the launch of Emirates Blockchain Strategy, the Dubai Land Department has developed its blockchain system to record all real estate contracts, where they can connect DLD with Energy, Water & Fuel authority companies.
3. Dubai legal sector has proposed the use of smart contracts on the blockchain, to automatically verify and executes a transaction on agreed terms.
4. Just like the other countries UAE also has significant taxation on cryptocurrencies only If the digital or virtual currencies are used to purchase goods and services.
5. The anti-money laundering law in UAE proposes certain limits on daily individual transactions. and the AML law has a lot of definitions and it almost covers the characteristics and fund transactions on cryptocurrencies.
The Third Reasons is Blockchain Opportunities on Industries and Business Sectors
As blockchain started to capitalized on dubai business sectors and technology industries, we expect blockchain could renovate the below industries in Dubai, UAE.
Industries and Business Sectors Powered By Blockchain In Dubai, UAE
The proposed legislation laws and emirates blockchain strategy are having a goal of encouraging blockchain startups and enlightens the blockchain-related projects. So, this free space for blockchain technology in UAE can revamp and modernize most of the key industries in and around the middle east countries.
Promising Industrial Sectors in Dubai
Oil and Gas
Automotive & aerospace
Supply chain & Logistics
These are the most identifiable industries that become the backbone of Dubai's strong economy. The Empowerment of Blockchain strategy In Dubai could move the entire industrial sectors into a smart decentralized ecosystem inside the country.
The above are the reason for why we have expanded our blockchain development services in Dubai, UAE
Bitdeal Expands Blockchain Development Services In Dubai
The true mark of our quality blockchain development services all around the world has motivated us to make a strong presence in “Dubai move towards blockchain technology” after the launch of blockchain strategy 2021.
We expand our primary blockchain development services in Dubai, UAE to give warm hands to the clients who just want to leverage the country's free space for blockchain startups. Our team of experts has already committed to some promising blockchain projects after attending the World Blockchain Summit which is recently staged at Jumeirah Emirates Towers, Dubai. Our en-voyage to the goal full Blockchain conference in Dubai, has given wider vision and promising opportunities for us to serve the best in blockchain technology for the clients who reside in UAE.
Our Blockchain Development Services In Dubai, UAE
Private Blockchain Development
Smart Contracts Development and Audit Services
Decentralized Applications Development
POC Blockchain Development
Exchange Application Development.
We are always ready to connect with our clients in and around Dubai, UAE. To know furthermore details about our blockchain services you can contact us 24X7 hours.
Read more here : https://www.bitdeal.net/blockchain-development-company-in-uae