H.H Sheikh Mohammed bin Rashid Al Maktoum has set a new vision for Dubai to make it the first city fully powered by Blockchain by 2020. ElrondNetwork done the first steps by opening up discussions about Elrond’s technological innovations for Dubai.
Elrond Hosts One-Day Blockchain Event in Dubai
https://www.asiablockchainreview.com/elrond-hosts-one-day-blockchain-event-in-dubai/
Elrond, a user-friendly blockchain platform for programmable money and unstoppable applications, recently hosted Blockchain C-Level Industry briefing event at Hotel Shangri-La on September 9, tackling the trilemma of scalability, decentralization, and security with blockchain applications. The event was organized by Agora & Woodstock Fund.
Enhanced Throughput and Transaction Efficiency
Elrond has been successful with its involvement with major companies in the South Korean blockchain industry. The firm hosted a private conference that was joined by enterprises, service providers & institutional investors in Dubai, United Arab Emirates, a city renowned for leading blockchain innovation, adoption, and investment. Dubai also has advanced infrastructure that attracts businesses from all over the world.
Developed by a team of experienced entrepreneurs, engineers, and researchers with robust blockchain knowledge and technical expertise from Microsoft, Google, Intel, and NTT DATA, Elrond promises “a 1000-fold improvement in throughput, execution speed, and transaction cost-efficiency.”
Elrond achieves this with two key innovations: a novel Adaptive State Sharding mechanism and a Secure Proof of Stake (PoS) algorithm that enables linear scalability with a fast, efficient, and secure consensus mechanism.
Empowering Dubai Blockchain Infrastructure
Mr. Beniamin Mincu, Elrond’s Co-founder & CEO, stated in the press release for the event:
“We are extremely delighted to begin our Dubai chapter. Blockchain is the most foundational technology to appear on the world stage and Dubai has already made remarkable strides as a pioneer.”
“We are excited to host more than 30 Senior Level Leaders from Government and Private organizations as well as selected investors at the event and are looking forward to see active participation on a complete new Blockchain infrastructure that we are building up on,” he added.
Source: https://www.zawya.com/
-About Asia Blockchain Review
Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.
Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.
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