Dubai Customs launches new blockchain technology to boost trade transparency

his new blockchain platform will enhance Dubai’s business environment by improving efficiency in the supply chain while also contributing to the Emirates’ efforts to boost non-oil trade. It also aligns with Dubai’s ambitious blockchain strategy for digital transactions.

The platform promises many benefits, including streamlined customs clearance processes, reduced paperwork, and significant cost savings.

The technology will expedite commercial transactions by simplifying procedures, saving time and effort for all involved parties.

This platform also enhances efficiency by streamlining processes and reducing the likelihood of errors. It offers secure and tamper-proof data sharing, which builds trust and visibility across the supply chain and contributes to more transparent and reliable business relationships.

The blockchain platform is part of Dubai’s broader efforts to boost non-oil trade and establish the Emirates as a world-class e-commerce center. 

This entire plan was initiated by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai.

“We are proud to launch the new blockchain platform, which represents a quantum leap in enhancing the efficiency of business operations in Dubai. This innovation reflects our vision to make Dubai a global hub for trade and logistics,” said Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation.