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Loyyal, a New York-
According to the announcement, the tie-
In statements, Ahmad bin Byat, managing director of Dubai Holding said:
“Loyyal will be leading a pilot deployment to create innovative, feasible and
The contract was formally signed on November 24th and is facilitated by the Dubai Future Accelerators (DFA) programme. The inaugural program brings together innovative solutions from entrepreneurs, startups and companies, with up to $2 million of venture capital, every month.
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“We established the Global Blockchain Council here in Dubai less than a year ago, and are already seeing impressive advancements in the uptake of this technology.
We are pleased by Loyyal’s progress with Dubai Points, their partnership with the private sector and we look forward to working even closer with them as they bring the Blockchain future to reality,” the executive added.
The most notable blockchain endeavor by the Dubai government, so far, is its pledge to see all government documents on a blockchain by the year 2020.