Future Blockchain Summit 2024 Begins in Dubai
The Future Blockchain Summit 2024 has started at Dubai Harbour, attracting participants from the global blockchain and cryptocurrency community. This event is a major gathering for industry leaders, innovators, and enthusiasts to explore advancements in the blockchain ecosystem.
Key Sessions and Speakers
The summit features sessions under the theme ‘Investments in Blockchain & Gaming.’ Marwan AlZarouni, CEO of AI, Dubai Department of Economy and Tourism, emphasized Dubai’s leadership in AI and blockchain innovation. He invited participants to explore their projects in Dubai, highlighting the city’s resources and business-friendly environment.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, discussed the future impact of AI, crypto, and gaming on trade, predicting significant changes by 2026.
Panel Discussions and Insights
A panel including John Fan, Marcel Kasumovich, Oliver von Wolff, and Mansoor Madhavji discussed Dubai’s growing blockchain market. Madhavji noted the UAE’s transformation into a global hub for blockchain innovation, aided by government initiatives.
Mike Williams, Chief Communication Officer at Toobit, highlighted the trend of tokenizing real-world assets, making them accessible to more people.
Web3 Gaming and Future Innovations
Web3 gaming was a highlight, with Blowfish Studios showcasing a blockchain-integrated space adventure game. The summit is part of Expand North Star, powered by GITEX GLOBAL, and will continue with discussions on DeFi and blockchain innovations.
Doubts Revealed
Blockchain -: Blockchain is a digital system that records information in a way that makes it difficult to change. It’s like a digital ledger that keeps track of transactions securely.
Cryptocurrency -: Cryptocurrency is a type of digital money that uses blockchain technology to work. Bitcoin is a famous example of cryptocurrency.
Dubai -: Dubai is a city in the United Arab Emirates, known for its modern architecture and as a global business hub.
AI -: AI stands for Artificial Intelligence, which is when computers are made to think and learn like humans.
Tokenization -: Tokenization is the process of turning real-world assets, like property or art, into digital tokens that can be traded on a blockchain.
Web3 -: Web3 is the next version of the internet that uses blockchain technology to make it more secure and decentralized.
DeFi -: DeFi stands for Decentralized Finance, which is a new way of doing financial transactions without traditional banks, using blockchain technology.
Expand North Star -: Expand North Star is an event that focuses on new technologies and innovations, including blockchain and DeFi.
