eseoulpost
BusinessUAE
DAFZA develops Dubai Blink, the world’s first B2B smart commerce platform for free zones
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2018.06.10  
트위터 페이스북 미투데이 요즘 네이버 구글 msn

DUBAI,9th June, 2018 (WAM) - Dubai Airport Freezone Authority, DAFZA, has announced the development of Dubai Blink, the world’s first B2B smart commerce platform for free zones, allowing companies from around the world to connect and trade via Dubai.

Dubai Blink, which will utilize artificial intelligence, AI, blockchain technology and virtual business licenses, will transform the future of global supply chains by creating a new trade platform for global free zone companies.

The project offers a new form of e-commerce known as smart commerce, which utilizes Artificial Intelligence algorithms and Internet of things technology that will drive innovation within supply chains, placing Dubai and the UAE in unique positions at a global level.

The initiative will enable both global companies and small and medium-sized enterprises, SMEs, to set up digital businesses in Dubai free zones without the need to be physically there.

Blink will be replacing the existing trade licensing solutions empowered through process innovations and technologies by introducing virtual company formation.

The announcement comes in support of Dubai and the UAE’s vision to create smarter digital economies driven by innovation and technology. It is expected that the value of global B2B e-commerce will reach USD 7.7 trillion in 2017.

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group said, "The Dubai Blink project will be one of the most innovative models for the future of global supply chains and e-commerce across the free zones. It will help boost trade for companies operating in Dubai's free zones, which have chosen the Emirate as a platform for growth and prosperity."

"We have directed the free zones to form a joint team to unite our efforts and expertise to make Dubai Blink a success and help achieve the aims of the Dubai10X initiative – to make Dubai 10 years ahead of its time. This comes in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The work that is being done between the free zones and government agencies will help create a new model for smart commerce in the international industry as well an attractive future for foreign investments within the free zones of Dubai."

Dubai Blink will speed up trade in free zones by providing comprehensive solutions for companies to search for services and products, negotiate, and make purchases online via a unified platform using blockchain smart contracts and machine learning. The first issue it will help solve is around identification. Currently, there are lengthy supplier identification and validation processes. AI algorithms will provide researchers tailored results in a fractional time.

The second challenge it will solve is around transactions. International trade barriers, regulations and transaction fees add unnecessary layers of complication to B2B commerce. The convergence of free zone setups, AI, and blockchain, will radically cut cross-border transaction costs and time. This will help in guaranteeing efficiency and enhancing economic growth. Dubai Blink will provide global companies with the opportunity to gain a virtual business license which will be known as a Cloud trading license. This will enable them to explore the commercial opportunities offered by Dubai without the need for an actual presence on the ground, allowing companies to sample and test the regional market and explore the opportunities provided in Dubai. In turn, this will encourage more of them to expand their businesses in the free zones, thus creating more jobs and contributing to GDP.

Commenting on this initiative Dr. Mohammed Al Zarooni, DAFZA Director General, said, "Dubai Blink will be a gateway to leverage free zone assets, network, and connect with trusted providers of product or services to evolve your business. It will be an integrated platform that will allow businesses to manage supply chains and transactions, underwritten by the speed, truth, and reliability of blockchain smart contracts."

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
UAE establishing new sustainability model, investing in advanced sciences and national talent: Ministers
2
First Well Woman Conference 2019 opens in Abu Dhabi
3
Dubai to host 'Microsoft Ignite' conference on 27th March
4
Noura Al Kaabi visits new headquarters of Arabian Radio Network
5
Masdar to bring solar power to 'off-grid' communities around the world
6
III to bar China-made devices from accessing its internal network
7
Sheikha Fatima Field Hospital opens in Karachi
8
Top N. Korean official en route to Washington
9
MOFA thanks British-Taiwanese All-Party Parliamentary Group for support
10
ADGM launches Sustainable Finance Agenda to develop vibrant sustainable finance and investments hub
Photo News Green Biz
Plastic wastes from Korea legal: MisOr ecozone exec
Plastic wastes from Korea legal: M...
min
Spotlight on UAE's environmental efforts at Urban Sustainability Week
Spotlight on UAE's environmental e...
min
DEWA invites customers to take up Shams Dubai to generate onsite solar power
DEWA invites customers to take up ...
min
World Green Economy Summit to kick off in October
World Green Economy Summit to kick...
min
Abu Dhabi hosts The First Regional Biodiversity Forum in the Gulf Region
Abu Dhabi hosts The First Regional...
min
Photo News Sports
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Taichung to host first Asia-Pacific Youth Games in 2019: mayor
Taichung to host first Asia-Pacifi...
min
Asiad PHL gold winners come home
Asiad PHL gold winners come home
min
More history for Koreas in canoe; sport climber, hurdler grab gold medals
More history for Koreas in canoe; ...
min
Shooter wins Taiwan's 2nd gold at Asian Games (update)
Shooter wins Taiwan's 2nd gold at ...
min
Two taekwondo golds among 11 medals for S. Korea on Day 1
Two taekwondo golds among 11 medal...
min
Taiwan team wins first gold medal at Asian Games
Taiwan team wins first gold medal ...
min
Photo News World
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Taichung to host first Asia-Pacific Youth Games in 2019: mayor
Taichung to host first Asia-Pacifi...
min
Asiad PHL gold winners come home
Asiad PHL gold winners come home
min
More history for Koreas in canoe; sport climber, hurdler grab gold medals
More history for Koreas in canoe; ...
min
Shooter wins Taiwan's 2nd gold at Asian Games (update)
Shooter wins Taiwan's 2nd gold at ...
min
Two taekwondo golds among 11 medals for S. Korea on Day 1
Two taekwondo golds among 11 medal...
min
Taiwan team wins first gold medal at Asian Games
Taiwan team wins first gold medal ...
min
Photo News Opinion
3 dead, 2 missing after fishing boat capsizes off southern coast
3 dead, 2 missing after fishing bo...
min
Ex-Supreme Court chief to be grilled in power abuse probe
Ex-Supreme Court chief to be grill...
min
Samsung's Q4 operating profit tumbles 28.7 pct on tepid memory demand
Samsung's Q4 operating profit tumb...
min
Samsung's Q4 operating profit tumbles 28.7 pct on tepid memory demand
Samsung's Q4 operating profit tumb...
min
Court orders ex-President Chun to appear in libel case
Court orders ex-President Chun to ...
min
Central bank to continue accommodative monetary policy in 2019: BOK chief
Central bank to continue accommoda...
min
S. Korean economy to grow in mid-2 pct range in 2019: poll
S. Korean economy to grow in mid-2...
min
S. Korea's exports surpass US$600 bln for first time in 2018
S. Korea's exports surpass US$600 ...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com