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"<div itemprop=\"articleBody\"> <p dir=\"ltr\">The Dubai Chamber of Commerce and Industry (DCCI) has entered a joint initiative to promote the adoption of <a href=\"https://cointelegraph.com/tags/blockchain\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/blockchain/amp\">blockchain</a> <a href=\"https://cointelegraph.com/tags/tradings\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/tradings/amp\">trade</a> solutions, according to a <a href=\"http://www.dubaichamber.com/whats-happening/chamber_news/dubai-chamber-partners-with-icc-and-perlin-to-boost-adoption-of-blockchain-trade-solutions\" rel=\"noopener nofollow noreferrer\" target=\"_blank\">press release</a> on July 1</p><p>The DCCI, which <a href=\"http://www.dubaichamber.com/whats-happening/chamber_news/dubai-chamber-partners-with-icc-and-perlin-to-boost-adoption-of-blockchain-trade-solutions\" rel=\"noopener nofollow noreferrer\" target=\"_blank\">acts</a> as an international business hub in <a href=\"https://cointelegraph.com/tags/dubai\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/dubai/amp\">Dubai</a>, has signed a memorandum of understanding (<a href=\"https://cointelegraph.com/search?query=MoU\">MoU</a>) with two entities the International Chamber of Commerce (ICC) and Singapore-based blockchain startup <a href=\"https://cointelegraph.com/news/icc-to-support-blockchain-adoption-among-its-45-million-member-businesses\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/icc-to-support-blockchain-adoption-among-its-45-million-member-businesses/amp\">Perlin</a>.</p><p>According to the report, DCCI is the first chamber of commerce in the world to offer blockchain tools developed by the ICC, as well as the Centre of Future Trade (CoFT), a collaborative project the ICC and Perlin announced in May 2019.</p><p>Under the MoU, DCCI acquires exclusive rights to offer CoFT blockchain trade solutions in the <a href=\"https://cointelegraph.com/tags/middle-east\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/middle-east/amp\">Middle East</a> and <a href=\"https://cointelegraph.com/tags/africa\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/africa/amp\">Africa</a> region, the agency stated. Those solutions intend to improve trade processes by providing greater <a href=\"https://cointelegraph.com/tags/transparency\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/transparency/amp\">transparency</a> of <a href=\"https://cointelegraph.com/tags/supply-chain\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/supply-chain/amp\">supply chains</a>, as well as reducing the involved risks, the press release notes.</p><p>Among others, the trade solutions will support DCCI’s recently <a href=\"https://www.arabianbusiness.com/technology/397962-dubai-reveals-blockchain-plan-to-revolutionise-global-trade\" rel=\"noopener nofollow noreferrer\" target=\"_blank\" data-amp=\"https://amp-arabianbusiness-com.cdn.ampproject.org/c/s/amp.arabianbusiness.com/amp/article_listing/aben/technology/397962-dubai-reveals-blockchain-plan-to-revolutionise-global-trade\">launched</a> Digital Silk Road platform, which aims to apply blockchain tech to eliminate major vulnerabilities in the global trading system. Co-established by the DCCI and the Dubai Future Foundation, the Digital Silk Road project is a part of the <a href=\"https://www.arabianbusiness.com/technology/397962-dubai-reveals-blockchain-plan-to-revolutionise-global-trade\" rel=\"noopener nofollow noreferrer\" target=\"_blank\" data-amp=\"https://amp-arabianbusiness-com.cdn.ampproject.org/c/s/amp.arabianbusiness.com/amp/article_listing/aben/technology/397962-dubai-reveals-blockchain-plan-to-revolutionise-global-trade\">Dubai 10X</a> municipal development plan.</p><p>Earlier in April, Perlin <a href=\"https://cointelegraph.com/news/icc-to-support-blockchain-adoption-among-its-45-million-member-businesses\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/icc-to-support-blockchain-adoption-among-its-45-million-member-businesses/amp\">announced</a> that the company will help the ICC roll out its blockchain-powered technology. Founded in 1919, the ICC features 45 million businesses, including major global giants such as Amazon and <a href=\"https://cointelegraph.com/tags/paypal\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/paypal/amp\">PayPal</a>.</p><p>On June 10, the Dubai Land Department and telecoms firm Etisalat <a href=\"https://cointelegraph.com/news/dubai-real-estate-department-signs-mou-with-telecoms-firm-to-implement-blockchain\" data-amp=\"https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/dubai-real-estate-department-signs-mou-with-telecoms-firm-to-implement-blockchain/amp\">signed</a> a MoU to apply blockchain and smart government standards to introduce paperless management and digital contracts for real estate transactions.</p> </div><script> window.fbAsyncInit = function() { FB.init({ appId : '1922752334671725', xfbml : true, version : 'v2.9' }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = \"http://connect.facebook.net/en_US/sdk.js\"; js.async = true; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); </script><script> !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '1922752334671725'); fbq('track', 'PageView'); </script>\r\n<br>Credit: <a href=\"https://cointelegraph.com/news/dubai-chamber-of-commerce-signs-mou-on-blockchain-trade-solutions\">Source link </a>"
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