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Dubai Customs Launches Blockchain Platform to Boost Trade Transparency
Dubai Customs has reportedly launched a new blockchain-powered platform designed to enhance commercial transparency and streamline cross-border e-commerce. This initiative, announced on July 8, marks a significant step toward establishing the Emirate as a global e-commerce hub.
The newly launched platform is part of Dubai’s broader strategy for digital transactions, spearheaded by its Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
Dubai’s Blockchain Platform Is Now Complete
The Dubai government officially launched the cross-border blockchain-based platform in January 2020 during the “3rd UAE Customs Week 2020”. The platform, piloted in September 2019, consists of two phases. The first phase, already completed, focuses on facilitating e-commerce export transactions through couriers.
The second phase, which has just been finalized, will handle the Emirates’ e-commerc
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