Innovation and disruption ignites surge within the Blockchain industry, and the local regulators are supporting the progress.
Key Highlights:
- The epicenter of the ecosystem - DMCC (Dubai Multi Commodities Center) - hosts now more than 230 Blockchain-specific organisations
- The entire Crypto Oasis aspires to see more than 1,000 Blockchain organisations in its ecosystem by the Q2 2022
Dubai, United Arab Emirates--(Newsfile Corp. - March 10, 2022) - Middle Eastern Blockchain Ecosystem Crypto Oasis anticipates reaching an organisation target of 1000 in Q2 2022. The Middle East has officially connected to the global Blockchain ecosystem in a way that expresses community and embodies excellence. Crypto Oasis, the larger ecosystem of Blockchain-related organisations initiated out of the UAE, developed a strong footing for innovative talent inspired by the successful Swiss Crypto Valley environment, as well as the UAE's forward-thinking inventive leadership.
Proponents of Crypto Valley in Switzerland, one of the world leading Blockchain ecosystems, formed a collaboration with DMCC in January 2020 during the World Economic Forum in Davos. In May 2021, DMCC Crypto Centre was launched in full force, and is with half of the Blockchain-based businesses registered within the freezone the core of the community.
"We have decided to bring our Crypto Valley experience and expertise to the Middle East because we believe in the region's potential. We have witnessed how regulators in the region are welcoming innovation and disruption, making it simpler for Blockchain-related companies to secure licenses and operate. As of March 2021, this fast-growing ecosystem, reached over 700 organisations operating out of the UAE," says Ralf Glabischnig, Initiator of the Crypto Oasis.
The ecosystem in the UAE builds on the foundations set into motion back in 2016 by the Dubai Blockchain Strategy under the Dubai Future Foundation. Crypto Valley's foundation in Switzerland began with less than ten...