Blockchain technologyhas disrupted various industries, promising greater transparency, efficiency, and security. The United Arab Emirates (UAE), known for its forward-thinking approach, has embraced blockchain innovation in recent years, making it a focus for blockchain-related projects and startups. As this technology continues to shape the landscape of business and finance, the demand for expert legal counsel in the world of blockchain has risen greatly.
Blockchain is a distributed digital register that records transactions across a network of computers in a secure and transparent manner. Each block in the chain contains a timestamp and a link to the previous block, creating an unbroken chain of information. This design makes it extremely difficult to alter or tamper with data, enhancing trust and accountability in various industries.