Government of Sharjah Honours Partners With NFT Plaque Using SBT Technology for their Support at GITEX Global 2022, becomes world's first to do so
•Sharjahis the first in the world to introduce NFTs with SBT technology, raising the bar for advanced digital transformation.
SHARJAH, UAE,Jan. 26, 2023/PRNewswire/ -- The Higher Committee of the Government ofSharjahat GITEX Global 2022 honoured participants, supporting entities, departments, and media outlets for their contribution to the success ofSharjah'sparticipation in the global event.
SheikhSaud bin Sultan Al Qasimi, Chairman of the Higher Committee for the Government ofSharjahat GITEX Technology Week 2022 and Director of the Sharjah Digital Office, gifted the supporting entities non-fungible tokens (NFT) in the form of digital trophies using Soulbound Tokens (SBT), replacing physical appreciation plaques and marking a global-first for the emirate. The trophies will be stored in a digital ledger whose identity can be verified via the blockchain system.
SBTs are digital identity tokens signifying traits, features, and achievements that make up a person or entity. SBTs are issued by 'Souls,' representing blockchain accounts or wallets, and cannot be transferred or sold.
SheikhSaud bin Sultan Al Qasimisaid: "Based on the vision of His Highness Sheikh DrSultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler ofSharjah, our efforts continue to focus on the development of sustainable growth across all sectors. In line with the technological evolution we are witnessing, we have replaced traditional appreciation plaques with sustainable digital assets to honour our partners, becoming the first in the world to do so."
Commenting on the participation of the Government ofSharjahat GITEX Technology Week 2022, Sheikh Saud continued: "We welcomed senior officials from the UAE and from around the world, organising 12 workshops to discuss the adoption of the latest technologies and our commitment to digitalisation and global technological trends."
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SOURCE Sharjah Digital Office
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