2016/10/08 9:50 AM
Dubai looks to operate fully via blockchain, lawyers unite to aid digital currency users, and Iceland is interested in Auroracoin. Want to catch up on your latest digital currency and tech news? Read the following stories.
Also read: Industry Report: Deutsche Bank Bailout Unlikely
Dubai is looking to place all its documentation on a blockchain by the year 2020. The announcement came by way of Prince Hamdan bin Mohammed, who also supports full, blockchain-based transactions within the same time frame.
Through a program entitled the “Dubai Blockchain Strategy,” Mohammed explains that people will need to enter information only once to create a permanent record via blockchain applications. The Dubai Future Foundation will be in charge of implementing the necessary plans over the next four years.
Dubai has been an advocate for Bitcoin technology since February 2016.
Several lawyers have grouped together to build…