Recently the World Economic Forum( WEF) released a robust Blockchain Deployment toolkit to guide organizations and businesses in developing and deploying a new blockchain solution.
The World Economic Forum, based in Cologny-Geneva, Switzerland, is an NGO that was founded in 1971 and is committed to improving the state of the world by involving business, academic, political and other social leaders to shape regional, global and industrial agendas.
The launching of the toolkit reflects a response to the economic turmoil generated by the COVID-19 virus spread. The pandemic has caused a crisis in the global supply chain and world shipping lines that have never been before seen. Organizations are moving rapidly to implement emerging technologies during the COVID-19 crisis, which has highlighted the need for both speed and clarity of implementation.
Abu Dhabi Digital Authority( ADDA), the Dubai Future Foundation and Saudi Aramco have recently launched Blockchain toolkit in collaboration with WEF to tackle the challenges posed by COVID 19 supply chain failures.
Dr Abdulla Al Kendi, Executive Director at ADDA for Technologies and Policies Sector, said the Blockchain toolkit helped his organization to move forward quickly on their implementation strategy.
“The toolkit provided a lot of objectivity when attempting to design a consortium. We were able to put our judgements and decisions aside to design the consortium,” he said in a press release.
Saudi Aramco, the world’s largest oil company, used the WEF toolkit to assist in the completion of two critical applications for supplier management and credential verification.
Khalfan Belhoul, CEO of Dubai Future Foundation, said: “Through the UAE Centre for the Fourth Industrial Revolution (C4IR UAE) we develop solutions to our current and future challenges and COVID-19 has shown us that there is a real and urgent need to accelerate the implementation of these technologies. The C4IR UAE has contributed to the World Economic Forum Blockchain for Supply Chain Toolkit.”
