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Dubai Customs launches Blockchain Platform for Enhanced Commercial Efficiency and Transparency

Photo : Dubai Government Media Office

Dubai Customs has unveiled its new blockchain platform, a groundbreaking initiative aimed at revolutionizing commercial operations within Dubai and beyond. This digital network promises enhanced efficiency and transparency, aligning with Dubai's ambitious blockchain strategy spearheaded by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.

The platform represents a pivotal advancement in Dubai's digital transformation journey, designed to foster collaboration between government entities and the logistics sector. It underscores Dubai Customs' commitment to innovation, reinforcing the emirate's status as a global trade hub.

Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation, hailed the platform's launch as a quantum leap in Dubai's business landscape. He emphasized its role in simplifying customs clearance and commercial transactions, thereby saving time and resources. The platform also ensures secure, tamper-proof data sharing, bolstering trust and transparency across the supply chain while reducing paperwork and operational costs.

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Dr. Abdullah Busnad, Director General of Dubai Customs, highlighted the platform's strategic importance in facilitating trade flows and enhancing Dubai's position as a pivotal logistics hub. He stressed its broader benefits in fostering a seamless and transparent business environment, aligning with Dubai's vision for a smart economy and sustainable growth.

Atiq Almehairi, Executive Director of Customs Development Division at Dubai Customs, emphasized the platform's capability to streamline data exchange and automate processes, accelerating customs procedures and transaction times. This initiative reflects Dubai's commitment to advancing government services through digital innovation, ensuring continued leadership in global trade and logistics.

The blockchain platform not only promises operational efficiency but also enhances trust and accountability across commercial transactions. It enables real-time tracking of goods, strengthens supply chain visibility, and aids in combating fraud and counterfeit activities. With its launch, Dubai Customs sets a benchmark for modernizing trade practices and reinforcing Dubai's reputation as a beacon of innovation and economic resilience.

July 8, 2024 4:10 p.m. 545

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