By Yasmine Saleh , ZAWYA





Blockchain is a digital record, or ledger, of transactions that processes and settles financial dealings using computer algorithms that don’t require third-party verification.



In the Middle East, Dubai has moved quickly to adopt the technology, aiming for a



Founders and CEOs of blockchain-based startups gathered in Dubai on Monday to discuss the challenges and opportunities of the technology.Blockchain is a digital record, or ledger, of transactions that processes and settles financial dealings using computer algorithms that don’t require third-party verification.In the Middle East, Dubai has moved quickly to adopt the technology, aiming for a nationwide blockchain integration by 2020.

Christoffer Wallin, the founder and CEO of Pindify, a blockchain-based online platform for musicians, artists and journalists, told Zawya in an interview on the sidelines of Dubai International Blockchain Summit (DIBS) on Monday that it is looking to use the technology to allow users to buy content from a verified list of artists and journalists.



“We help as much as we can to verify the artists and journalists and make sure they get paid as much as they can,” said Wallin. His platform, which is currently undergoing proof of concept trials in Sweden, takes 9 percent from every subscription.



