Hoo Global debuts at Future Blockchain Summit

This year’s Future Blockchain Summit officially kicked off on October 17 at the Dubai World Trade Center headlined by world-renowned tech heavyweights Amazon, Microsoft, IBM, Google, with blockchain innovation company Hoo Global making its maiden appearance to showcase a technology feast for global audiences.

The annual summit, which is composed of exhibitions, conferences, seminars, investor programs, hackathons, and other components, brings together the world's top developers, transformative innovators, the most disruptive innovation companies, and powerful investors, a press release said.

During his 'Blockchain Industry Innovation and Contemporary Finance' presentation, Dr Farzam, executive chairman of Hoo Global, illustrated crucial opportunities and challenges that continue to face blockchain technology for contemporary finance.

“The first change of blockchain technology to contemporary finance is the change of financial instruments. Blockchain is closely integrated with traditional finance, NFT, virtual space, and other scenarios, and there will be more innovations in the future." Dr Farzam said.

Since 2018, blockchain technology and crypto currency have become innovative technologies and industries that Dubai focuses on. The government's macro-level support for the blockchain industry as well as the advantageous conditions such as a safe and stable social environment, a developed financial industry, and the gathering of high-tech talents have made

Dubai a landing point for many blockchain companies to conduct business globally.

The summit is also an innovative move by Dubai to further promote industry development and focus on the industry's breaking point. Due to the regulatory environment that provides blockchain companies the muchneeded space to explore applications, as well as Dubai's strategic location and talent pool, Hoo Global has now established a global operation center in Dubai, using it as an important node to radiate the global market.

Hoo Global is actively working with local governments and enterprises to develop blockchain applications at the level of empowering traditional business and social governance, and relying on Hoo Global's ecological facilities, industry resources, technology accumulation, etc.