Dubai South, a major development hub for aviation, logistics, and real estate, has integrated blockchain technology in collaboration with Dubai Customs. As reported by Trade Arabia on the 11th of September, this move aligns with the company’s commitment to the Dubai eCommerce strategy. It aims to establish Dubai as the leading logistics hub in the region and attract foreign direct investments in e-commerce.
FIRST FREE ZONE TO ACHIEVE THIS MILESTONE
Dubai South is now the first free zone in Dubai to reach this milestone, according to the Trade Arabia report. This integration with the customs declaration system is a big step for e-commerce. It simplifies processes, saves time, and lowers costs.
The integration simplifies and streamlines the tracking and processing of orders. Automated processes enhance efficiency, and a new gate pass stamping method for entry and exit improves information accessibility.
PIONEERS IN BLOCKCHAIN ADOPTION
RHS Logistics and FirstCry in the UAE's Logistics District are the first to use blockchain. Other companies in Dubai South's free zone are also starting to adopt blockchain technology for their operations.
A COMMITMENT TO GOVERNMENT INITIATIVES
Mohsen Ahmad, the CEO of the Logistics District in Dubai South, talked about how their goals match those of the government. They created EZDubai, a special area for e-commerce, to help the Dubai e-commerce plan and attract e-commerce businesses from nearby regions and around the world.
BENEFITS OF BLOCKCHAIN INTEGRATION
The successful blockchain integration with Dubai Customs shows Dubai South's dedication to providing efficient solutions.
This integration offers many benefits:
- Supply Chain Transparency: Blockchain enhances supply chain transparency, allowing for real-time tracking and verification of goods.
- Authentication: It ensures the authenticity of products, reducing the risk of counterfeit goods entering the market.
- Data Security and Privacy: Blockchain technology provides robust data security and privacy features, safeguarding sensitive information.
- Reduced Fees: The streamlined processes and increased efficiency pave the way for reduced fees for goods passing through the free zones.
Dubai South's adoption of blockchain technology not only supports its growth but also contributes to Dubai's vision of becoming a global leader in e-commerce and logistics. This will bring more businesses, boost UAE's economy, and encourage innovation.