Apla, a technology company that develops smart blockchain solutions for governments and enterprises was named ‘Blockchain Solutions Provider of the Year’ at the 2018 Smart SMB Summit and Awards.
Supported by the Department of Economic Development (DED), the inaugural edition of the Smart SMB Summit took place on 26th September at the JW Marriott Marquis Hotel in Dubai. The awards ceremony was in honor of individuals and enterprises that have displayed creativity and innovation as well as made an outstanding contribution to the blockchain industry.
The awards ceremony was attended by more than a hundred C-level executives including association leaders with a government background, blockchain industry experts and academics. The Summit primarily addresses the application and development prospects of blockchain technology in the insurance, finance, healthcare and supply chain industries.
Blockchain has recently garnered widespread support on account of its high-performance and security, high-speed access and efficient operations. Enterprises in the Middle East are gearing up to invest in the development and application of blockchain technology. Recent reports from Gartner indicate that the business value-add of blockchain will grow to slightly more than $176 billion by 2025, and it will exceed $3.1 trillion by 2030.