Apla enters the UAE blockchain market
Apla, a dedicated technology company that uses blockchain to help organizations work faster, safer and with greater impact took part at the first edition of Future Blockchain Summit that kicked off at the Dubai World Trade Centre from 2-3 rd of May 2018, officially hosted by Dubai Smart Government.
The recently launched 2021 UAE Blockchain Strategy by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai lays out a plan for the UAE to become a world leader in the adoption of blockchain technology. The strategy was outlined with the aim for 50% of government transactions on the federal level to be conducted using blockchain technology by 2021 and Apla has solutions suited to this.
Muhammed Arafath, Executive Director at Apla, commented, “We are excited to enter the UAE market with a strong presence in Blockchain technology. The early adoption of this game-changing technology allows us to offer a competitive service, as part of the UAE’s strategic vision to conduct all applicable government transactions through Blockchain technology.”
The Future Blockchain Summit brings together innovators, business leaders and regulators who will play a significant role in contributing to UAE’s overall blockchain strategy. During the two-day summit, more than 1,500 people will hear from over 60 speakers specializing in all areas of the blockchain ecosystem.
At the summit, Apla also presented its blockchain implementations in the UAE governments on the first day of the expo and covered topics including blockchain for government services, Apla’s solution for financial services, smart contracts and laws, master data management as well as digital identity and data security. Apla also has a unique capability for rapid application development, which allows to develop applications in record time. It has created and patented an original “Smart Laws” System, which is a layer above the typical Smart Contracts System.
The senior management at Apla will also participate in a panel discussion that will kick off on the second day of the summit and will address the adoption of de-central technologies as well as blockchain and digital twins for the 4 th industrial revolution.
With more than 70 employees in offices across Dubai, Luxembourg, Moscow and Vizag, Apla has delivered projects across the UAE, India, Netherland, Antilles and Russia.
Following its work with governments in India, the UAE, Russia, Netherlands, Antilles and other countries, Apla's proprietary blockchain platform and technical solution to optimize organizational processes has gained significant industry recognition.