Heir to 135-year Gulf dynasty is moving a $6 trillion trade market onto blockchain rails
Abdulla Kanoo, heir to a prominent Gulf business dynasty, is leveraging blockchain technology to modernize trade finance between emerging economies. His company, ARP Digital, aims to replace legacy banking systems with faster, programmable digital rails.
Why it matters
The integration of blockchain into traditional trade finance could significantly reduce settlement times and costs for global commerce in emerging markets.
The family, with a net worth of up to $6 billion, owns businesses spanning shipping, logistics, travel and finance.
The article reports on a business development and technological shift without taking a stance on the efficacy of crypto assets.
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