Dubai Government Backs Up Blockchain technology

[tey]

An innovation center established by Sheikh Mohammed bin Rashid, vice president and prime minister of the United Arab Emirates (UAE) and emir of Dubai, has announced the formation of a research council focused on blockchain technology.

According to the release, the Global Blockchain Council will consist of 32 members including government entities (Smart Dubai Office, Dubai Smart Government, the Dubai Multi Commodities Centre (DMCC), international companies (Cisco, IBM, SAP, Microsoft) and blockchain startups (BitOasis, Kraken and YellowPay).

http://www.coindesk.com/dubai-governmen ... ch-effort/