Deal signed to boost blockchain, AI in UAE

Abu Dhabi: The Department of Economic Development — Abu Dhabi and Algorythma, the UAE-based end-to-end technology service company, on Tuesday signed a memorandum of understanding (MoU) with the aim of promoting joint cooperation between the two parties as well as implementing projects, initiatives and strategies related to digital transformation.

The MoU seeks to launch a Centre of Blockchain Excellence, CoBE, at Krypto Labs, Masdar City, for enabling best practices and latest technologies in line with the Abu Dhabi government’s goal of supporting investment in technologies and innovative solutions and blockchain, enhancing its global leadership position in the digital transformation indicators.