Locus Chain, the next generation blockchain technology and digital currency platform developed by Korean group Bloom Technology, has announced plan to establish the most innovative digital asset exchange ‘Locus DAX’ in Dubai.

 

Bloom technology South Korea, the parent company of Locus Chain Foundation is a well reputed IT Company with technical offices in South Korea, Japan, UAE and Mauritius.

 

Sheikha Moaza Obaid Suhail Al Maktoum, the co-founder of the newly-establishing Digital Asset Exchange and Sang Yoon Lee, CEO of Locus Chain Foundation jointly announced the name of the new Digital Asset Exchange ‘Locus DAX’ (Locus Digital Asset Exchange), during the signing ceremony.

 

Sheikha Moaza expressed delight at the establishment of the innovative Digital Asset Exchange in Dubai using the Locus Chain Block Chain Technology. 

 

"We strongly believe that our exchange can bring in several foreign investments into the UAE economy, especially Dubai which has been a fascinating business hub for the entire world," stated Sheikha Moaza, who has been a senior advisor of Locus Chain Foundation, Singapore since its inception.

 

“Being the world is completely transforming into digitalization so quickly, the government and private organisations in the region are seriously implementing blockchain technology and started to use digital payment systems. Locus DAX will be one of the first Digital Asset Exchange in the region”, she added.

 

Yoon Lee said: "Under the strategy of building an e-government system by 2020, the UAE is more active than any other country in introducing blockchain technology. Now, I am very excited about the fact that the establishment of 'Locus DAX' is at its final stage, and I believe that this digital currency exchange in Dubai will soon catch the attention of the global blockchain market."

 

“We look forward to train and hire ambitious local citizens to be part of our team. Our expertise from South Korea and Japan offices will be training the locally hired staff for the exchange,” he added.-TradeArabia News Service