Dubai Customs, Real Smart City, Introduces First Blockchain Platform for Goods Management That Increases Transparency, Efficiency and Speed
The goal will be to transform Dubai Smart City into a leading commercial hub globally
Dubai Customs has announced the launch of its first innovative platform in the field of Blockchain, which will allow for increased efficiency and transparency of business operations. This important step towards a Dubai Smart City represents a crucial milestone in the Emirate’s path of digital transformation and aims to strengthen the logistics system to turn it into a global and leading commercial hub.
What will be the task of the blockchain platform
جمارك #دبي تعلن إطلاق منصتها المبتكرة في مجال البلوك تشين وذلك في خطوة رائدة تهدف إلى تعزيز كفاءة وشفافية العمليات التجارية داخل دبي وعبر الحدود، حيث تُعد هذه الشبكة الرقمية الآمنة والفعّالة إنجازًا هامًا في مسيرة التحوّل الرقمي.https://t.co/fSThXtvpcS@DubaiCustoms pic.twitter.com/DBUN3J7IpO
— Dubai Media Office (@DXBMediaOffice) July 8, 2024
The goal of the Blockchain platform is to explore and evaluate the latest technological innovations that help to provide secure, efficient, and effective services. On the way to the future of Dubai Smart City, this system will significantly improve business operations, simplifying procedures to accelerate customs clearance and trade transitions. This will result in reduced time and lower costs for both parties involved.
Furthermore, the blockchain platform facilitates secure data sharing with a system almost unattainable from the outside. This feature will earn Dubai Smart City Customs points throughout the supply chain.
The benefits offered
As has already been pointed out, among the main advantages offered by the application of a blockchain platform to Dubai Customs are a reduction in costs and management times and a streamlining of procedures.
However, the dominant factor is the intrinsic transparency of blockchain technology. This solution will increase confidence throughout the business process, allowing all participants to access directly through a secure channel that they can verify independently. In addition, the blockchain enables real-time tracking of goods, offering greater visibility in the supply chain and facilitating efforts to combat fraud and counterfeiting.
“We are proud to launch the new blockchain platform, which represents a quantum leap in improving the efficiency of business operations in Dubai,” said bin Sulayem, President of Ports, Customs, and Free Zone Corporation. “This innovation reflects our vision of making Dubai smart city a global hub for commerce and logistics. We believe that adopting modern technologies such as blockchain will significantly improve the business environment and strengthen Dubai’s position as a major hub for global trade. We are committed to supporting all efforts to improve and simplify business operations in Dubai and support its digital strategy.”
