Insurance colossus AIG has entered into a collaboration agreement with IBM to develop a 'smart' insurance policy that will use blockchain technology to manage complex international coverage. The companies issued a joint-press release in which they disclosed that they had successfully completed a pilot of what they have termed a 'smart contract' which is a multi-national policy for Standard Chartered Bank PLC.

Dubai's iconic Museum of the Future and Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain and cryptocurrency infrastructure provider aims to develop and launch a range of digital products on the blockchain, starting with their first-ever NFT collection – The Most Beautiful NFTs in the Metaverse.

Relam Investment, an international investment company headquartered in Dubai, UAE, owned by local entrepreneur Sultan Ali Rashed Lootah, has announced the global launch of its third generation blockchain technology: Hetachain, which promises faster processing time and lower energy use.

Only 1 percent of CIOs indicated any kind of blockchain adoption within their organizations, and only 8 percent of CIOs were in short-term planning or active experimentation with blockchain, according to Gartner's 2018 CIO Survey. Furthermore, 77 percent of CIOs surveyed said their organization has no interest in the technology and/or no action planned to investigate or develop it.