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BSV Blockchain Association showcases technology in Ras Al-Khaimah

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The BSV Blockchain Association recently hosted a VIP Reception event in Ras Al-Khaimah in the United Arab Emirates. The event, which took place on 8 October 2022, was invite-only and included members of the Royal Family, C-level executives and select media members.

The event included an evening of talks and panels from project owners and key stakeholders in the region and from around the world. Attendees were also allowed to have one-on-one sessions to learn more about BSV and find out more about its business use cases.

Marcin Zarakowski, General Counsel and Chief of Staff at BSV Blockchain Association opened the event by highlighting the work of the organisation and the role it plays in its protection and development.

‘Our organisation supports the development and promotes BSV blockchain. The BSV blockchain is a highly scalable and efficient blockchain protocol that enables tokenisation, smart contracts, and micropayments, and allows for the building of decentralised applications.’

‘It can be used in a variety of different use cases across both enterprise and the public sector. Several companies from our ecosystem are here to show how they use the BSV blockchain, what products and services they can offer thanks to this technology, and how their use cases can also be used here in Ras Al-Khaimah.’

Zarakowski added that companies within the BSV ecosystem are clearly able to detail how fast the blockchain is and the various business use cases it can promote.

The BSV blockchain has seen increasing adoption in the UAE, both from the government and businesses, and the country has big plans for the use of the technology.

The BSV Hub for the Middle East, North Africa and South Asia is working on several blockchain education projects to drive innovation in the UAE. The BSV Hub for MENA is based in Dubai and is headed up by Muhammad Salman Anjum, a leading regional figure in the enterprise blockchain space, as well as the Chief Mate at InvoiceMate, a next-generation accounting and invoicing platform that is integrating the use of the BSV blockchain.

This includes the rolling out of a training programme in the UAE to educate local developers and entrepreneurs on the capabilities of the BSV blockchain – an initiative that has already received great interest in the country.

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