On December 15, the Global Distributed Cloud Storage Summit (DCS 2021), a prominent blockchain event with over 20,000 delegates, was officially started at the Abu Dhabi National Exhibition Centre in the United Arab Emirates.
Right in the heart of the UAE, this summit is a blockchain festival drawing in the best-in-blockchain industry from around the world. It brings together key industry influencers, speakers, experts, and panelists from across the globe for three-day captivating keynote speeches, engaging Ted-Talk-style presentations, and insightful on-stage discussions with the core focus ranging from the enterprise as well as government adoption of blockchain to its diversity and social impact in a fast-changing world.
“Hosting the first Distributed Cloud Storage event in the UAE and welcoming over 20,000 delegates across three days will position Abu Dhabi firmly at the forefront for innovation in the blockchain and data storage space and will also cement the return of large-scale events to Abu Dhabi’s calendar,” said Mubarak Al Shamsi, Director at the Abu Dhabi Convention and Exhibition Bureau. “With visitors from all over the world, DCS 2021 will boost tourism and enhance economic development. It will further increase MICE travel out of key markets in Asia and Europe, ultimately contributing to Abu Dhabi’s goal of establishing itself as a leading global MICE destination.”
The event reflects the UAE’s commitment to becoming a hub of global inclusivity and conveys the values of peace and coexistence in the country and the international community. Dedication, tolerance, fairness, transparency and coincide with the development concepts of blockchain and distributed storage industries.
The UAE launched the ‘Smart Dubai Initiative’ in a bid to improve government efficiency using blockchain technology back in 2013. In 2020, Dubai released Blockchain Strategy 2020, emphasizing the need to make Dubai the ‘Blockchain Development Capital of the World’. On 22 September this year, the Dubai Securities and Commodities Authority empowered the Dubai World Trade Centre Authority to grant approvals and licenses for financial activities related to crypto assets in the jurisdiction.
The openness policy towards the crypto economy has allowed Dubai to attract numerous cryptocurrency exchanges, including Hoo and others. A few months ago, Hoo established a partnership with the Dubai government. Using an entire office building provided by the Dubai government as its global operational center, Hoo is gradually developing its global operations from its base in the Middle East.
Dubai has a vast market based on its geography and culture that can attract users’ attention from the Arabian Peninsula and Arab countries. Moreover, Dubai’s central location in the Middle East, near countries and regions such as Europe, Southeast Asia, and India, allows crypt companies to provide services to compliant countries and regions worldwide.