In a move aimed at enhancing efficiency and transparency in commercial operations, Dubai Customs has announced the launch of its blockchain platform. This secure and efficient digital network is set to revolutionize trade processes within Dubai and across international borders, marking a significant milestone in the emirate’s digital transformation journey. The initiative underscores Dubai Customs’ dedication to innovation and aims to solidify Dubai’s status as a premier global trade hub.
His Excellency Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation, highlighted that this launch is part of Dubai’s broader blockchain strategy for digital transactions, initiated by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai. The goal is to leverage the latest technological innovations to provide secure, efficient, and effective services, thereby enhancing Dubai’s position as a leading global city in advancing technology and smart economy initiatives.
“We are proud to launch the new blockchain platform, which represents a quantum leap in enhancing the efficiency of business operations in Dubai,” stated Bin Sulayem. “This innovation reflects our vision to make Dubai a global hub for trade and logistics. We believe that adopting modern technologies like blockchain will significantly contribute to improving the business environment and enhancing Dubai’s position as a major center for global trade.“
The new blockchain platform promises a myriad of benefits that will enhance business operations through simplified procedures, expediting customs clearance, and commercial transactions. This will save time and effort for all parties involved while providing secure and tamper-proof data sharing, thereby enhancing trust and visibility across the supply chain. The reduction of paperwork and streamlined processes are expected to lead to substantial cost savings, further improving the business climate in Dubai.
Dr. Abdullah Busnad, Director General of Dubai Customs, emphasized that the blockchain platform is a crucial step in facilitating trade movement and enhancing Dubai’s position as a global logistics hub. He noted that the platform will benefit not only Dubai Customs but also serve as a valuable tool for collaboration with other government entities. “This initiative represents a vital step towards a bright and spectacular future for trade and government services, ensuring the emirate’s innovation and global leadership journey continues,” Busnad remarked.
Atiq Almehairi, Executive Director of Customs Development Division at Dubai Customs, stressed the importance of the blockchain platform in improving service efficiency. The platform will enhance trust throughout the commercial process by allowing all participants direct access to a secure record that they can independently verify. Additionally, blockchain enables real-time tracking of goods, providing greater visibility into the supply chain and facilitating efforts to combat fraud and counterfeiting.
The inherent transparency of blockchain technology will significantly enhance trust among businesses and stakeholders. By offering a tamper-proof digital ledger, the platform ensures that all transactions are securely recorded and easily verifiable. This increased transparency and security are expected to foster stronger business relationships and build confidence in Dubai’s commercial operations.
The Dubai Blockchain Strategy, which aims to make Dubai the first city fully powered by blockchain, supports this initiative. The strategy, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, focuses on three strategic pillars: Government Efficiency, Industry Creation, and International Leadership.
