- The agreement aims to facilitate the exchange of knowledge to support education for students and executives in Blockchain, web3, DeFi, AI, the Metaverse and other fields.
- The MoU seeks to increase visibility and exposure for advanced technology topics, their regulatory needs and further establish Dubai as the world-leading advanced tech hub.
Dubai Blockchain Center (DBCC) has signed a memorandum of understanding (MoU) with the European Blockchain Association (EBA) to enhance Dubai´s and the UAE’s collaboration with Europe. The partnership is set to build bridges to drive Blockchain best-practices, foster digitalization in general and help set profound guard rails for a sustainable regulatory framework.
The agreement also aims to facilitate the exchange of knowledge between the two parties, in an effort to support education for students, executives, and authorities in advanced fields like Blockchain, web3, DeFi, AI and Metaverse, among others. It strives to engage the two entities in bilateral promotion, events, courses, public relations and policies in order to increase visibility and exposure for advanced technology topics and further establish Dubai as a world-leading advanced tech hub.
The MoU was signed by Amro Awaidah, COO of Dubai Blockchain Center and Dr. Michael Gebert, Chairman of the European Blockchain Association and supervised by Christian Gleich, International Ambassador of the European Blockchain Association.
Dr. Marwan Alzarouni, CEO of Dubai Blockchain Center, said: “Dubai Blockchain Center remains committed to its ambitious mission to guide on every aspect of new technologies around Blockchain, web3, DeFi, AI and Metaverse, in line with the wise leadership’s vision. We embrace today´s advanced technologies and channel them towards improving people’s lives and ensuring their happiness.”
“These very technologies are at the core of the MoU we have signed with the European Blockchain Association,” Alzarouni added.
“We look forward to sharing our experience and progress with the EBA, while tapping into their extensive expertise in regulation and policy making within actual topics and their advanced technologies like Blockchain, web3, DeFi, AI and Metaverse to support our ambitious projects and help advance Dubai Blockchain Center´s strategy.”
Dr. Michael Gebert says about this partnership:
“This agreement with Dubai Blockchain Center is already off to a flying start with a breakthrough action plan to understand better the next impact of Blockchain throughout various industries and eco-systems. The program is fully supported by Dr. Marwan Alzarouni who supported this collaboration from the very start of our discussions. We’re looking forward to the joint activities and the results which will be discussed in an ongoing process and inform decision-makers on education, development and execution“, says Dr. Michael Gebert, Chairman of the European Blockchain Association.
Christian Gleich comments to this partnership: “Education and practicability as well as regulation in the advanced technology sector is utterly important to all global citizens. This partnership therefore supports the overall digital strategies and policies of H.H Sheikh Mohammed bin Rashid Al Maktoum with regards to Blockchain, web3, DeFi, AI and Metaverse and their electronic security indications.
The partnership sealed in this MoU by the Dubai Blockchain Center and the European Blockchain Association will thus foster Digital Transformation and the growth of Digital Economy in both territories.”
Under the terms of the agreement Dubai Blockchain Center commits to facilitating educational coordination with the European Blockchain Association’s EDU DAO Workgroup, co-organizing expert certificate training programs for executives from government and non-government entities and acting as a partner of choice to EBA on projects, inquiries and implementations related to Blockchain, web3, DeFi, AI and Metaverse.
Furthermore, DBCC will grant approval to EBA to be mentioned as official partner. DBCC also agrees to provide its venue (or other associated venues, e.g. Area 2071) as a go-to-location on a best effort basis for EBA to plan meetings with organizations planning to open a legal entity in Dubai or discuss relevant projects, in addition to facilitating on-the-ground educational courses with EBA, providing all necessary equipment.
For its part, the European Blockchain Association will take on Blockchain education for executives and students and also provide certifications of completion. EBA will also participate in research and policymaking in compliance with the Dubai leadership, offer legal and regulatory support for the topics of Blockchain, web3, DeFi, AI and Metaverse and raise awareness and produce visibility for Dubai as the global Blockchain capital.
The Association commits to recommending Dubai as the world-leading digital economy hub for companies in addition to co-leading events on Blockchain, web3, DeFi, AI and Metaverse.
The two entities intend to continuously follow up on their respective responsibilities and become vice-versa members in each other’s organizations.