Future Blockchain Summit 2024 continued on day three at Dubai Harbour, with a focus on sustainable development and circular economy.
Today, the Future Blockchain Stage showcased groundbreaking discussions on the pivotal role of blockchain technology in driving sustainable development.
In the keynote session by Matthew White, CEO of VARA on ‘Why is Blockchain important?’, he highlighted, “Blockchain is not just about technological innovation; it’s about a trust revolution. It allows us to fundamentally rethink how we interact with each other, build societies, and create economies that work for everyone. In a world where trust in institutions is breaking down, blockchain offers a way to rebuild it stronger and more resilient than before. It provides the tools to create a more inclusive, transparent, and fair society. Whether it’s empowering farmers to sell directly to global markets, allowing individuals to store and transfer value securely without intermediaries, or creating new systems of governance, blockchain will help us reshape the very foundations of how we live and work.”
Another session “The Future of Virtual Asset Regulation”, saw Prof. Ikhlaq Sidhu, Dean, IE School of Science and Technology, discuss the current state of development in the virtual asset space with Vinit Shah, Senior Advisor, Virtual Assets Regulatory Authority (VARA), Dr Paolo Tasca, Co-Founder & Co-Chairman, DLT Science Foundation, Michael Ashby, CEO, AlgoQuant, and Talal Tabbaa, CEO & Founder, CoinMENA.
Shah commented, “As the adoption of virtual assets across all sectors of the economy starts growing, we need to create frameworks that keep pace with innovation. As regulators, our aim is to stay close to and in step with innovation to provide the right amount of support and security to investors and market participants.”
With companies adopting blockchain to achieve significant cost-savings through improved inventory management and reduced transactional friction, Firdosh Sheikh, Founder & CEO of DRIFE, emphasized the importance of individual and corporate responsibility in sustainability. She also discussed blockchain’s role in promoting transparency and incentivizing green practices. She suggested that policymakers and blockchain companies should collaborate to build more incentive mechanisms, in turn, encouraging people to make environmentally conscious purchases.
A key highlight of the day was Blockchain Demo Day, a platform dedicated to innovation, collaboration, and growth, featuring ten exceptional blockchain projects from around the world, including those by Kana Labs, Universal Tokenized Technologies Ltd., Breach Insurance, to name a few.
Future Blockchain Summit 2024 will conclude tomorrow (16 October), and spotlight on Web3 and the future of connectivity as part of its agenda.
For more information about the summit and agenda, visit www.futureblockchainsummit.com/