finance
Abdulla Kanoo Plans Blockchain Settlement System for Trade Between Emerging Economies
Abdulla Kanoo stated that his firm ARP Digital is developing blockchain-based settlement infrastructure for trade flows between emerging economies. The project targets a market segment projected to reach $32 trillion by 2030.
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Abdulla Kanoo stated that ARP Digital is developing blockchain-based settlement infrastructure to handle trade between emerging economies. The heir to a 135-year Gulf dynasty said the system aims to support settlement for goods moving among these markets.
Kanoo noted that trade flows between emerging economies represent a segment that could grow to $32 trillion by 2030. The announcement comes as blockchain technology sees expanded use in financial infrastructure projects. Kanoo described the initiative as an effort to modernize settlement processes for this expanding trade volume.
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