Arab Telecom Giant You see “infinite” potential in Blockchain

28. October 2018

At first glance, the Dubai headquarters of the Telekom giant Du looks like a typical showcase for the mobile tech industry. The registration office, on the other hand, looks very different.

Long-term Bitcoin profit

It seems as if they want to illustrate the gap between the Bitcoin profit that create information and those that verify and manage Bitcoin profit. Each visitor to the Du Anmeldeestele is first asked to show a plastic ID card, which is then placed in a blue wooden box. A yellow piece of paper is then handwritten to indicate how many ID cards are already in the “State-of the Art” box. This can easily become up to 700 IDs.

However, a technology is already being researched far above the entrance, in the administration, which could solve this problem.

Jose Valles, vice president for Commerce, is working on possible blockchain applications that could put the company in a whole new light when it comes to authentication and registration.

Together with Etisalat, you are one of two authorized telecom providers in the United Arab Emirates with more than 7 million customers. According to Valles, you have enough reach and customers to bring a wide range of blockchain solutions to the market.

Valles said in an interview about the Bitcoin profit

“The number of possibilities is inexhaustible. The Bitcoin profit blockchain can be used for an infinite number of applications. Wherever a Bitcoin profit takes place”.

As a first step towards future-oriented technology, you joined the first Global Blockchain Council in Dubai (GBC), which already has 40 members from the regulatory, financial institution and tech start-ups sectors. They all work together under the umbrella of the “Museum oft he Future”, an incubator of the government, on possible blockchain applications.

To illustrate the progress made so far, the GBC delivered seven initial proofs of concept last week, one of which caused a great stir: the approach to managing and storing patient files.

According to Valles, the healthcare market investigation was inspired by the government’s current search for a solution to better protect confidential patient data.

In addition to the applications in the healthcare industry, you are also pursuing a long-term perspective with Blockchain technology in a country surrounded by crystal clear water, white sandy beaches and 7 star hotels.

Even if Valles was still covering its heels about how and when a registration and authentication of customers could be implemented via the blockchain, one can already guess where the rice could go:

“I think there is an important business opportunity for blockchain technology. Since our customers have to go through a Know-Your-Customer (KYC) procedure, we could imagine a verification by telephone, for example.”

“The blockchain will enrich people’s lives in the future,” says Valles.