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Karuschain speaks on the impact of blockchain in mining at the World Blockchain Summit Dubai

Published by , Editorial Assistant
Global Mining Review,

The World Blockchain Summit is a global series of gatherings that take place in over 10 destinations around the world.

The event connects global blockchain innovators and technology players in this space including emerging start-ups – with regional businesses, government authorities, IT leaders, tech entrepreneurs, investors and blockchain developers.

Taking place at the Jumeirah Towers in Dubai, a recent hub for blockchain activity the United Arab Emirates (UAE) is positioned to lead the charge in the acceptance of cryptocurrency in the region, with a strategy that aims for 50% of all government transactions to occur through blockchain by 2021. The summit will feature enterprise use-cases, government use-cases, inspirational keynotes, panel discussions, tech-talks, blockchain exhibition and start-up pitch competitions.

Karuschain CEO Richard Verkley was invited to make a keynote presentation at the event as a thought leader for the use of blockchain to revolutionise the mining sector.

Verkley said: "Mining is an essential industry. Without mining, we would not have key metals and technological innovation would be lost. Blockchain brings significant cost-saving and efficiencies to mining, enabling the industry to shed its older image and allows the sector to be seen for its essential role in global innovation."

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