A blockchain-enabled waste permit portal are going to be launched in Sharjah, the United Arab Emirates (UAE), the country’s official press agency, Emirates news agency (WAM), reported on February. 17.

The blockchain-based waste permit portal are going to be jointly developed by environmental, recycling and waste management company Bee’ah and also the Hamriyah free zone Authority (HFZA) — the town of Sharjah’s free trade zone. in keeping with WAM, the platform is the initial in the town to use blockchain technology to validate, method and store transactions.

According to the report, the platform can cut prices for customers applying for permits at intervals HFZA similarly as reduce permit-issuing time from several days to only a few hours. The statement additionally claims that “all transactions are completely secured, essentially eliminating any human error or fraud.”

Khaled Al Huraimel, chief executive officer of Bee’ah, said that he expects the technology “will not solely facilitate seamless operations, however additionally increase trust between customers and operators.”

As Top Market Group reported in December last year, the UAE’s central bank is collaborating with the Saudi Arabian financial Authority to issue a cryptocurrency accepted in cross-border transactions between the 2 countries. This month, six commercial banks from the countries reportedly joined the project.

In December last year, news broke that, as per some experts, the UAE is trying to join the list of leading destinations for blockchain-related businesses in 2019, because of promising new crypto-related legislation.

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