UAE

Global Digital Industry Group Launches Mining Business Bitworld

The UAE cryptocurrency giant, Global Digital Industry Group (GDIG), has established its mining subsidiary Bitworld and will invest $50 million in the company by 2021 as it works to build the company’s presence in the Middle East bitcoin and Ethereum mining industry. GDIG has appointed its mining head, Planck Danny as the CEO of Bitworld. …

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Blockchain platform connects Indian farmers to UAE food industry

Food industry officials in the United Arab Emirates may soon have a blockchain-based supply chain to obtain agricultural products directly from India. According to an Aug. 31 report, officials in the United Arab Emirates (UAE) will be using Agriota E-Marketplace, a new platform that employs blockchain technology to bridge the gap between farmers in India …

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Blockchain Firm Says Banks Need DLT to Manage Identities Better

Blockchain firm HashCash Consultants claims that banks are “chief arbiters” of people’s identities, and need blockchain technology to do it better. According to an Aug. 11 announcement, “accurate identification of an individual is central to banking activities which makes them the chief arbiter of people’s identities.” Still, the current system is not without its issues: …

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UAE successfully launches its Hope Probe on a mission to Mars

KYODO Kyodo / Reuters The UAE’s Mars-bound Hope mission has successfully launched from Japan’s Tanegashima Space Center aboard a Mitsubishi H-2A rocket. About an hour after liftoff, the Hope Probe separated from the rocket to rapturous applause from controllers and engineers at the UAE Space Agency. It’s designed to jump-start the nation’s science sector and …

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