Bee’ah, Waste Management Firm Launches Blockchain Platform in UAE
Bee’ah will do it! Sharjah a city in the United Arab Emirates will get a blockchain-enabled waste permit portal. This is according to news agency, Emirates News Agency (WAM).
The blockchain-based waste permit portal will be jointly developed by environmental, recycling and waste management company Bee’ah and the Hamriyah Free Zone Authority (HFZA). The platform records as the first in the city to employ blockchain technology to validate, process and store transactions.
The platform will cut costs for customers applying for permits within HFZA as well as reduce permit-issuing time from several days to only a few hours. The statement also claims that “all transactions are completely secured, essentially eliminating any human error or fraud.”
The CEO of Bee’ah, Khaled Al Huraimel, said he expects the technology “will not only facilitate seamless operations, but also increase trust between customers and operators.”
Remember that Testboo reported that the UAE’s central bank is collaborating with the Saudi Arabian Monetary Authority to issue a cryptocurrency accepted in cross-border transactions between the two countries and six commercial banks from the countries reportedly joined the project just this month.