The European Blockchain Association (EBA) has signed a memorandum of understanding (MoU) with Dubai Blockchain Center (DBCC) to enhance Europe´s collaboration with Dubai and the UAE. 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.
A joint offer for practice-oriented executive education
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.
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.
A meeting place for the blockchain industry
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.
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.
Dr. Marwan Alzarouni, CEO of Dubai Blockchain Center: “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.”
About the European Blockchain Association:
The European Blockchain Association (EBA) is tasked with empowering the European Blockchain ecosystem by combining, synchronizing and leveraging Blockchain-related activities of European corporations, startups, venture capitalists and scientific institutes in addition to providing non-European parties access to the European Blockchain ecosystem.
Its extensive expertise in regulation and policy making with regards to the most actual topics and their advanced technologies like Blockchain, web3, DeFi, AI and Metaverse makes it a much sought-after institution for global companies and governmental entities dealing with those topics.
Designed as a Decentralized Semi-Autonomous Organisation (DSAO), the EBA incorporates the genuine concept of collaboration and cooperation of members in a distributed network. That makes EBA a fully transparent and resilient representative of the European blockchain community.
About Dubai Blockchain Center:
Dubai Blockchain Center was inaugurated by His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai in May 2018. The center aims to bring together Blockchain thought leaders, developers, investors, and educators.
Dubai Blockchain Center organizes free blockchain 101 awareness sessions in Arabic and English, hosts use-case-focused events and demonstrations. It runs Blockchain and Entrepreneurship competitions, supports both public and private sector companies on Blockchain technology and appropriate use cases.
It helps develop and validate the guard rails of policies and strategies with regards to Blockchain related topics.