Photo has been used for illustrative purposes. File / Reuters
Sohaila Ahmed, Sahar Ejaz, Staff Reporters
Dubai’s digital Blockchain strategy continues to contribute in achieving the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, of transforming Dubai into a fully managed Blockchain Emirate by 2020, and be the first smart run by Arab minds.
Being the first international and fully-insured cryptocurrency platform, Mohammed Abdul Salam, Founder and CEO of Burency, said that the Blockchain centRE will dedicate a section for newly established projects to support their development. However, the centre focuses on the making of smart contracts which facilitate trading process with local companies.
“All electronic transactions will soon be run by Blockchain technology, whether through the Central Bank, exchange shops, customs, traffic and patrols departments, government entities; relying on the full security and safety of such technology,” Abdul Salam added.
Mohammed Abdul Salam also mentioned how the Blockchain technology will contribute in developing the medical facilities for all residents, through securing all types of medical records; which means that the patient’s medical history can be accessed from anywhere around the world without the need of using actual documents.
Moreover, the Chief Operating Officer at Burency, Moayyad Yousef, stated that the used cryptocurrency is utility-based, which means it can be used to buy flight tickets or book hotels through certain travelling websites.
“Blockchain technology has no risks, impossible to be hacked, and it is decentraliSed. Money can be safely transferred from one digital wallet to another, and every 8-10 minutes a new block is generated to ensure maximum safety of any process. In the near future, the Blockchain technology will be used worldwide, with zero possibility of forgery or theft,” Moayyad said.
Carl Jenkinson, Alex Lacazette and John-Jules were on the target as Arsenal rallied to beat Al Nasr 3-2 in a friendly match at the refurbished Al Maktoum Stadium in Dubai on Tuesday.
The nine races, highlighted by the $12 million Dubai World Cup, have attracted some of the World’s best race horses to Dubai.
UAE Team Emirates’ Yousif Mirza will be looking to recapture some form as the Emirati joins his teammates at the Tour of Turkey (April 16-21). The UAE National Champion most recently turned out for UAE Team Emirates at the Giro di Sicilia, but will be hoping for more luck this time around.
'The UAE has decided to renew, from today and for a renewable period of two weeks, the suspension of entry of all foreign nationals holding valid UAE residence visa, in a bid to contain the spread the COVID-19 pandemic and to ensure their safety.
The ministry also announced that 35 cases fully recovered from the virus, after receiving treatment, bringing the total recovered cases to 96.
The Ministry said a 62-year old Asian expat and a 78-year old GCC national who tested positive for COVID-19 died due to complications related to chronic diseases. This brings death toll to eight.
"Considering the problems of overseas Pakistanis it has been decided that the first flight would land at Islamabad International Airport on April 4. All passengers will be sent in quarantine and tested for COVID-19. Those tested negative will be sent home through special arrangement of transport," Asad Umar said.