United Arab Emirates organizes Blockchain aviation conference in Abu Dhabi

Increasing the presence of blockchain in aviation will be the focus of a special conference in Abu Dhabi from April 2 to 4, the official news portal Emirates News Agency confirmed in a press release on March 31.

Promising participation of 800 people from nearly 100 countries, "Blockchain: Unlock the Potential" aims to bring the potential of technology that extends to the aerospace industry to a global stage.

The press release notes that the event is being held under the patronage of his Highness Sheikh Mohamed Bin Zayed Al Nahyan, crown prince of Abu Dhabi, and includes the country's economy minister and an executive member of Heathrow Airport as speakers.

The United Arab Emirates (UAE) were chosen as the host location because of the authorities' efforts to implement blockchain at state level in various areas of the local economy.

Saif Mohammed Al Suwaidi, Director General of the General Civil Aviation Authority (GCAA) of the UAE, responded in the press release:

"Selecting the UAE is a testament to the continued efforts of our executives to invest in new technologies in various areas, including the aviation sector, and in maintaining strong partnerships between the government and the private sector, and the continuous efforts to develop methods to investigate aviation operating practices in a dynamic and thriving environment. "

Basic conference data shows that it includes blockchain applications across the industry, including aircraft and other assets, along with financial deals and other business-related processes.

The event comes about two weeks after Abu Dhabi organized another blockchain-related event, this time with a direct approach to cryptocurrency and fintech phenomena.

The event drew supportive comments from local authorities about cryptocurrency, which fueled speculation, making the UAE a refuge for digital assets.

"It is essential that we develop frameworks and regulations that govern these technologies and developments," said Abdul Aziz Al-Ghurair, president of the Federation of United Arab Emirates Banks Federation (UBF).

The aviation industry itself continues to look at Blockchain, a recent case involving NASA, which is considering applications of the technology in air traffic control environments.

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