Blockchain gains momentum in the Middle East

Blockchain is gathering pace in the Middle East, with the United Arab Emirates leading the way

Blockchain is gathering momentum in the Middle East, as banks and government agencies in the region overcome their initial suspicions and embark on projects using the technology.

Pooja Chokshi, head of strategy and partnerships at Blockchain, said there was a general consensus that blockchain technology will reengineer the way value is exchanged. “We see banks and governments investing in pilot projects that will allow them to harness the privacy, transparency, efficiency and security this technology offers. This is what we expect to happen in the Middle East.”

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