Dubai Customs has introduced a new blockchain platform to increase transparency in commercial activities within and across borders, Gulf News reported 8 July.
The initiative aims to strengthen collaboration between government agencies and the logistics sector, in line with the emirate’s broader blockchain strategy for digital transactions and web3 adoption.
Sultan Ahmed bin Sulayem, chairman of the Ports, Customs, and Free Zone Corporation, announced the launch as part of Dubai’s ambitious blockchain strategy. Bin Sulayem expressed his pride at the launch, noting that it represents significant progress in improving the efficiency of business operations in Dubai.
The platform is expected to contribute substantially to improving the business environment and strengthening Dubai’s status as a global trade and logistics hub. The adoption of modern technologies such as blockchain is seen as a key factor in supporting Dubai’s digital strategy and efforts to simplify business operations.
Simplicity and security
The blockchain platform offers numerous benefits designed to streamline business processes. Among these benefits are simplified procedures for customs clearance and commercial transactions, saving time and effort for all parties involved.
The platform also ensures secure and tamper-proof data sharing, increasing trust and visibility across the supply chain. This capability promotes more transparent and reliable business relationships and reduces paperwork and process complexity, leading to significant cost savings.
Furthermore, the platform speeds up customs clearance procedures and reduces overall transaction times by enabling simplified data exchange and automated processes.
The inherent transparency of blockchain technology increases trust throughout the commercial process, allowing participants to independently verify secure data, while real-time tracking of goods provides greater insight into the supply chain, supporting anti-fraud and counterfeiting efforts.
Abdullah Busnad, Director General of Dubai Customs, highlighted the platform’s role in facilitating trade and strengthening Dubai’s status as a global logistics hub. He emphasized that the platform would not only benefit Dubai Customs, but also serve as a valuable tool for collaboration with other government agencies, making the business environment in Dubai smoother, streamlined and transparent.
The launch of the blockchain platform marks an important step in Dubai’s ongoing efforts to leverage cutting-edge technology to enhance its business environment, furthering the emirate’s vision to become a leading global trade and logistics hub strengthens.