• Sharjah It is the first company in the world to introduce NFT using SBT technology, raising the threshold for advanced digital transformation.
SharjahUnited Arab Emirates, January 26, 2023 /PRNewswire/ — High Commission of Government Sharjah At GITEX Global 2022, honor participants, supporting entities, sectors and media for their contribution to the success of GITEX Global 2022 Sharjah’s Participate in global events.
sheikh Saud bin Sultan Al Qasimichairman of the high government committee Sharjah Director of Sharjah Digital Office presents gifts to non-supporting entities at GITEX Tech Week 2022replaceable A token (NFT) issued as a digital trophy using the Soulbound Token (SBT), replacing the physical appreciation plaque, marks a world first for the emirate. The trophies will be stored on a digital ledger and their identity can be verified through the blockchain system.
SBTs are digital identity tokens that represent the characteristics, traits and achievements that make up a person or entity. SBT is issued by ‘Souls’ and represents a blockchain account or wallet and is not transferable or sellable.
sheikh Saud bin Sultan Al Qasimi Said: “Based on the vision of His Highness Dr Sheikh Sultan bin Mohammad Al Qasimisupreme council member and ruler Sharjah, our efforts continue to focus on the development of sustainable growth across all divisions. Based on the technological developments we are witnessing, we have replaced traditional thank you plaques with sustainable digital assets to honor our partners, becoming the first in the world to do so. “
Comment on government involvement Sharjah On GITEX Technology Week 2022, Sheikh Saud continued: “We welcomed senior officials from the UAE and around the world, organized 12 workshops to discuss the adoption of the latest technologies and our commitment to digitization and global technology trends.”
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SOURCE Sharjah Digital Office