TagAbu Dhabi

Abu Dhabi National Oil Company Partners IBM to Pilot Blockchain Across its Value Chain

Abu Dhabi National Oil Company (ADNOC) has partnered with IBM to pilot blockchain-based transaction management for its commodities right from the oil wells through to its end customers. The automated, blockchain-based, system will encompass oil and gas production management for ADNOC’s entire value chain including tracking, validating, and executing, transactions. As with many blockchain pilots...

Abu Dhabi, Belgium Ports Partner over Blockchain Trade Pilot Project

Blockchain shipping

Abu Dhabi Ports has partnered with its Belgian counterpart to begin a blockchain-powered supply chain pilot project, the company revealed in a press release. Silsal, as the project is titled, uses an electronic blockchain ledger system to provide full cargo visibility and streamline trade flows and supply chains. If tested successfully, the Silsal project expects to automate the exchange...

Proper Regulations Will Boost Confidence in Cryptocurrency Sector: Abu Dhabi Regulator

Abu Dhabi cryptocurrency regulations

The regulatory chief of Abu Dhabi’s international financial center and free zone has called for tighter regulations for cryptocurrency trading and ICOs while recognizing the growing global industry. Nearly a year after issuing its guidelines for cryptocurrencies and initial coin offerings (ICOs), effectively regulating the industry, the Financial Services Regulatory Authority (FSRA) is sharing...

Abu Dhabi Regulator Launches Crypto Regulations in Financial Free Zone

Abu Dhabi Securities Exchange

The regulator for Abu Dhabi’s international financial center and free zone has launched its regulatory framework that will encompass spot crypto services offered by exchanges, custodians and other intermediaries in the area. In a bid to foster a safer and thriving marketplace for cryptocurrency firms, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) – the...

Abu Dhabi Securities Exchange Partners UK FinTech for Blockchain Applications

Abu Dhabi Securities Exchange

The Abu Dhabi Securities Exchange has inked a partnership with Equifax, a UK-based fintech company that provides blockchain technology services for capital markets. Equichain will be advising ADX on the best way to use new technologies including blockchain to increase the operational efficiency of the exchange in terms of transaction speed and security. ADX Chief Executive Rashed Al Blooshi...

Abu Dhabi Ports Launches Blockchain Trade Solution for Imports and Exports

Abu Dhabi Ports blockchain

Maqta Gateway, a wholly owned subsidiary of maritime industry developer Abu Dhabi Ports, has developed and deployed its own blockchain solution for international logistics and trade. Dubbed ‘Silsal’, Arabic for ‘chain’, the blockchain solution is now the first of its kind platform in Abu Dhabi and will enable real-time tracking of cargo and paperless documents while saving time and increasing...

Bitcoin Regulation: Abu Dhabi Financial Regulator Considers Cryptocurrency Framework

The regulator for Abu Dhabi’s international financial center is considering embracive regulations for the cryptocurrency industry, a move that could see exchanges and intermediaries move into the financial zone. In an announcement on Sunday, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market said it is currently reviewing the development of a regulatory framework with...

Abu Dhabi Inks FinTech Development Pact with Mastercard

Abu Dhabi Securities Exchange

Abu Dhabi’s international financial center has entered a collaboration with payments giant Mastercard to develop and accelerate FinTech solutions in the region. The Abu Dhabi Global Market (ADGM), an international financial center established by a UAE Federal Decree to develop and strengthen financial services in Dubai as a global center for business and finance, is partnering Mastercard to...

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