Dubai-based financial and technology services giant ICICB Group has launched the world's fastest blockchain and is building a new augmented reality metaverse.
ICICB Group, a financial and technology services company based in Dubai, United Arab Emirates, is building the world's fastest blockchain to strengthen the city's leadership within the cryptocurrency industry.
Blockchain was first introduced during the Dubai Blockchain Innovation Summit 2021, which brought together several of the most important and influential people in the crypto world and launched publicly last week. The ICICB Group reported that the new blockchain will help drive the development and adoption of new technologies, both in the city and globally, in order to transform the future of today's society. The group is developing this blockchain in collaboration with the renowned video game company Atari, to focus on the disruptive potential of the blockchain and the Metaverse.
It may interest you: Dubai to turn DWTCA into an attractive comprehensive ecosystem for the cryptocurrency industry
Dubai, development and blockchain
Through the new blockchain, the financial services group is building a series of innovative tools and functions that will help people enter the world of new technologies, overcoming current entry barriers, such as complexity, high energy consumption and, in some cases, high transaction fees. The ICICB Group blockchain is focused on scalability, sustainability and efficiency, to meet the high demand of global users without affecting the environment, enhancing Dubai's position as a future global technology leader.
The city has been driving the adoption of cryptocurrencies and blockchain, establishing a thoughtful and friendly regulatory approach to the crypto industry. Dubai wants to become the Capital of Blockchain and a global center for financial technology, which is why it has authorized the trading of cryptocurrencies such as Bitcoin (BTC) in their duty-free zones. Recently, the city reported that the Dubai World Trade Center (DWTCA) will become a one-stop zone to drive the adoption and regulation of crypto assets, where companies like the ICICB Group can grow and develop healthily.
Driving blockchain adoption
The ICICB Group explained that through its blockchain it will help simplify and facilitate the incorporation of new users and developers to the world of blockchain, digital games, the metaverse and much more. The financial company wants to promote the use of blockchain as an emerging and disruptive technology capable of adapting and transforming all areas and spheres of society, including payments, entertainment, investment, engineering, education, medical care and tourism.
The blockchain developed by the ICICB Group will serve to build and develop new and powerful digital tools and also to raise awareness about the transformative potential of blockchain and its many use cases; like the cryptocurrencies, , smart contracts, decentralized applications (DApps) And the Metaverse, in rapid growth and expansion.
Metaverse and Augmented Reality
The financial group also reported that it is working on the development of a new metaverse platform, which will have a great impact on the industry. As he explained, his future platform will manage virtual casinos and a digital real estate environment where users will be able to negotiate goods and items, all based on blockchain and augmented reality. Airton Arruda, president of the ICICB Group, stated that this project can be much more than a simple metaverse.
ICICB Group has invested $10 million in this project, with which it wants to transform the technology industry into a decentralized virtual reality platform, to redesign and reimagine the entire user experience through augmented reality (AR) and the supply chain. blocks.
Continue reading: The crypto market begins to recover after the 16% drop over the weekend
