Dubai Chamber of Commerce first in the world to offer Blockchain solution to members
The DCCI, which acts as an international business hub in Dubai, has signed a memorandum of understanding (MoU) with two entities the International Chamber of Commerce (ICC) and Singapore-based blockchain startup Perlin.
According to the report, DCCI is the first chamber of commerce in the world to offer blockchain tools developed by the ICC, as well as the Centre of Future Trade (CoFT), a collaborative project the ICC and Perlin announced in May 2019.
Under the MoU, DCCI acquires exclusive rights to offer CoFT blockchain trade solutions in the Middle East and Africa region, the agency stated. Those solutions intend to improve trade processes by providing greater transparency of supply chains, as well as reducing the involved risks, the press release notes.