Edwin Lee Dubai

April 6, 2023 1 Min read Views 57 BUSINESS

Edwin Lee, the Managing Director of Dubai Multi Commodities Centre (DMCC), has expressed a positive view on the scope of Bitcoin and blockchain technology. He said that there is an immense potential for the technology to revolutionize the trade and finance industry. He believes that the blockchain technology could be used to reduce the operational costs and increase the efficiency of operations. He further added that the DMCC is currently exploring the use of blockchain technology and its potential applications in the Middle East region. He believes that blockchain technology could be used to facilitate secure and transparent transactions, which could further help reduce the risk factors associated with trading activities.

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