Blockchain technology to help achieve development goals

Muscat: The Locus Chain technology is the most government friendly blockchain in the world as it helps governments achieve the Sustainable Development Goals (SDGs), especially to eliminate poverty, optimise transparency and establish a smarter and more sustainable governance, according to Khalfan Saeed Al Mazrouei.
Al Mazrouei is the Locus Chain Foundation (LCF) Co-founder and Chairman (Middle East & Europe) and former Undersecretary for the Personal Department of the late Sheikh Zayed bin Sultan Al Nahyan, the founding father of the United Arab Emirates.
He inaugurated the Locus Chain World Summit – Singapore organised by the Singapore-based LCF on Wednesday, August 29, 2018.
Shaikha Moaza Obaid Suhail Al Maktoum, Senior Advisor of LCF; Ahmed Habib Al Gharib, General Manager of Humaid Bin Rashid Al Nuaimi Foundation for Human Development, Ajman, and many top delegates from around the globe such as senior diplomats, high net-worth individuals, business partners, philanthropists, blockchain experts and financial gurus attended the Summit.
The Summit explored the scope of expanding "Locus Chain" blockchain technology to all the possible industries to achieve a fairer world, ensuring justice and transparency in all financial transactions, healthcare services, charity and educational activities.
“We are proud to announce that the LCF is on the verge of registering the exchange as it passed all of the listing processes of BiBox, the global coin exchange, which ranked the Locus Chain as the No.1 blockchain technology in the world," Al Mazrouei added.
“Locus Chain is the most flexible and scalable Blockchain technology than any other blockchain system. The LCF has already signed contracts with more than 40 government and private entities worldwide to upgrade their entire systems to the Locus Chain technology. The $50 billion Tunisia Economic City project is the most prestigious one among our government collaborations to implement blockchain technology," said Sang-Yoon Lee, CEO of LCF, while delivering his keynote speech on the topic "Building a better future with Locus Chain".
"Many countries from Africa, Asia and Europe have been approaching Locus Chain to get a customised blockchain solution for their current issues, which indicates the unbeatable success of our platform and its potential to be the leader in the industry,” he added.
Topics of the Locus Chain World Summit – Singapore, the second major event of LCF since its launch in Dubai last April, included the ongoing cases and resources for the actual application of Locus Chain as a blockchain platform. It also spotlighted the advantages of blockchain technology in areas such as the e-government system, and Locus Chain’s strengths and journeys so far, as well as its aspirations for the future.