In cooperation with the Dubai 10X initiative and Dubai Future Foundation, Emirates Today publishes the most prominent projects participating in the initiative, which was directed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to all government agencies in Dubai To apply today what the cities of the world will apply after 10 years, Dubai 10X seeks, in cooperation with the relevant authorities in the Dubai government, to adopt new models for future governments, by bringing about a comprehensive change in the governmental work system, and setting future plans that restore the government’s role in serving societies and making the future.
The Dubai Airport Free Zone (DAFZA) is moving towards the future with its qualitative project, "Dubai Link", which supports free zone companies, through the establishment of an integrated electronic platform, that contributes to the support and development of global supply baskets, within the projects of the first phase of the initiative "Dubai 10X", Approved by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, supervised by the Dubai Future Foundation.
In detail, the Dubai Airport Freezone is developing and implementing Blink. The project is focused on creating a global platform to connect free zone suppliers in Dubai and all over the world, making it easier for producers to create supply chains for thousands of products and manage them electronically at the lowest cost and highest efficiency.
The project works to facilitate the issuance of a virtual commercial cloud license electronically to establish a free zone company and to conduct commercial business and affiliation with it digitally without the need to be in Dubai. Searches for suppliers and required inputs.
The project is distinguished by its idea based on creating an integrated electronic platform, which contributes to supporting and developing global supply baskets, and innovation in creating a license for commercial companies easily without the need for an actual presence in Dubai, and enabling registered suppliers and producers from free zone companies to search for their production requirements in its various phases, and contract them With securing deals through blockchain technology, the artificial intelligence technology will also help to suggest and select the most suitable suppliers for any specific product, which contributes to facilitating and reducing the time of research and contracting process.
The «Blink» project provides an unprecedented contribution to support the economic activity in the Emirate of Dubai, and to enhance its competitiveness within many international indicators in many important fields related to facilitating the work of companies and investment incentives, the use of information and communications technology in transactions between companies, the possibility of tracking and logistical efficiency.
The business model of the Blink platform is not only limited to providing an electronic market for inter-company trade, but also includes a tool for managing supply chains by providing wider services as it provides a number of integrated features that allow entrepreneurs and companies of all sizes to create free zone companies in The electronic cloud in Dubai without the need to rent a physical space, and this license will give them the possibility to use the Dubai Blink platform, as well as a variety of services from Dubai.
Dubai Blink will digitize product and service catalogs, and allow users to build their own supply chains, by finding intermediate commodity suppliers, manufacturers and logistics and financial providers accompanying the trade. All transactions will be performed on the platform, through contracts authenticated by smart blockchain technology, to ensure reliability and trust.
It is noteworthy that “DAFZA” revealed four aspects that distinguish Dubai Link from other e-commerce platforms, and it makes it easier for investors in the free zones to manage their supply chains intelligently and comprehensively. These advantages were to provide a matching mechanism supported by artificial intelligence algorithms for companies looking for suppliers. Service providers, within the scope of their supply chains.
And the technology of linking digital transactions increases the confidence of the platform's customers, by introducing the smart contracting system, which will enhance and drive business opportunities, reduce the risk of fraud, and reduce lengthy audits.
A joint team has been formed from the free zones to work with the relevant government agencies, believing in the need for complementary and interactive work to stimulate and grow foreign direct investment in the emirate, with the aim of directing supply chains and the global trade map digitally across the Emirate of Dubai, which will lead to business boom in the free zones and their growth in a Standard and more efficient, in the coming period.
Global supply chains
The Dubai Airport Free Zone said, “The Dubai Blink project is one of the innovative models that we anticipate the future of global supply chains and e-commerce across free zones, as it provides a modern concept of digital trading, and unconventional formulation to enhance the trade of free zone companies in Dubai, which has chosen the emirate as a platform for its business to thrive. ”
She emphasized that joint work between the free zones and government agencies will constitute a new model to be followed globally, to create an attractive future for foreign investment and its sustainability in the free zones, in addition to charting the features of the next stage of global smart trade.
Virtual business license
The Dubai Blink project offers the opportunity for international companies to establish their business digitally, by offering a virtual business license, which will be known as a "cloud trade license", testing the regional market, and exploring the commercial opportunities provided by the Emirate of Dubai without the need for physical presence, which encourages more of them. To expand its business in the emirate’s free zones, thereby creating more job opportunities and contributing to GDP.
Features
- Provides a virtual business license for companies, based on blockchain technology.
- Provides a global platform to connect free zone suppliers in Dubai and all over the world.
- Contributes to facilitating and reducing the time of research and contracting process.
Business boom in free zones and their growth is record and more efficient.
Thousands of products supplied and managed online with lowest cost and highest efficiency.
Facilitate the issuance of the virtual commercial cloud license online.
- Doing business and belonging to the free zone digitally, without being in Dubai.
- Artificial intelligence technology helps to suggest and select the most appropriate suppliers for any product.
- Supporting Dubai's economic activity and enhancing its competitiveness, among many international indicators.
- Perform all transactions on the platform, through contracts documented by smart blockchain technology.
Create free zone companies in the Dubai electronic cloud without renting a physical space.
DAFZA launches first digital platform project to support economic activity with artificial intelligence.