Dubai government seeks blockchain projects

posted almost 6 years ago
A technology initiative backed by the Dubai government has launched a $275m startup investment fund (1bn AED) and organizers say they will likely back blockchain projects.

The Dubai Future Foundation officially opened the Dubai Future Accelerators initiative, a 12-week startup program based in the United Arab Emirates that will seek to encourage innovation in "strategically important" sectors.

The move is the latest that finds the Dubai Future Foundation promoting blockchain development. The agency has been among the more active government agencies globally to begin examining blockchain technology, most notably through the Global Blockchain Council (GBC) overseen by its Museum of the Future project.
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