Interview with Anthony Butler on Blockchain Technology

Interview with Anthony Butler on Blockchain Technology

In preparation for the first Blockchain Technology Conference in Dubai which will be happening on May 30. Dubai StartupHub caught up with Anthony Butler, IBM Cloud Chief Technology Officer, MEA. Blockchain has become a such a huge area of interest. There’s an event in Dubai on 30th focused on the topic, we have seen the launch of different initiatives focused on exploring its uses, and many organizations across industries are now talking about it. But what is it?   The simplest way to think about the blockchain is that it is a ledger, like you might maintain in your business, except that it is digital, shared, replicated, and permissioned. This means that’s all the participants in a business network, such as a supply chain, can read and write from the same system of record securely whilst the ‘permissioned’ aspect means that they can only see or access what they are allowed to.   That sounds simple enough. Ledgers will be familiar to most people. But why is it such a big deal?   This might sound simple but the benefits are actually potentially very significant: imagine being able to take entire business networks and reduce the cost, time and margin of error in coordinating between them since, rather than use paper or other techniques that might have taken days to execute, each participant can write and read from the same replicated digital ledger. All the trust issues that plague traditional approaches are mitigated. Transactions that might have taken days to execute can now take place in seconds or minutes; inefficiencies that introduced costs can be removed and transaction costs reduced significantly;...
Reaping the Rewards- Female Entrepreneurs in MENA

Reaping the Rewards- Female Entrepreneurs in MENA

    Sara Mohammadi- Founder of Tehran-based Eventbox says being a woman in business in the Middle East, particularly in Dubai, is more advantageous than disadvantageous. This is the belief of many other women entrepreneurs in the region, and operate successful business in Egypt, Iran, KSA, Palestine, and the whole of MENA; some even provide services outside of the MENA to Greece and the U.K. These highly capable entrepreneurs agreed that equality in the region is visible and growing rapidly. A perfect example is Nida Sumar- founder of Dubai-based Keza, where she was discouraged 3 years ago by angel investors claiming she didn’t have what it takes, and today she already has an investor and is making serious plans on moving her enterprise forward. Majority of the women felt they hadn’t encountered gender specific barriers while establishing and operating their businesses. On the other hand, Samantha Hamilton-Rushforth- founder of Dubai-based Beem shares that she is often interrupted while delivering her pitch. Kristine Lasam- founder of Pink Entropy agreed with Samantha Hamilton. She also mentions that only by acknowledging the reality can we genuinely start making long-term changes. However, Lasam also agrees to the many advantages of being a female entrepreneur and how gender doesn’t matter, but the efforts do. Today, Dubai has plenty of initiatives that support women in business and aspiring entrepreneurs. And Yamna Naveed Khan- founder of Dubai-based PerksPlus believes that the region is highly encouraging when it comes to female entrepreneurs. Nabbesh- founder of Loulou Khazen Baz is an entrepreneur who believes that due to the male dominance in the Startup ecosystem, a woman’s perspective is highly...
Seedstars Dubai

Seedstars Dubai

Seedstars World, the global startups competition, will be selecting the top startup in the UAE to compete for US$1M in investment!   Join us to attend or apply for a pitch.  The winner will represent UAE at Seedstars* final event in Switzerland in March 2017. When:  28 May 2016, 15:00 – 19:30 Hrs. Where: Dubai Internet City, Thuraya Hall 3 RSVP: http://bit.ly/1Yiydrg – Use Code...
8 tips for entrepreneurs looking to grow their businesses.

8 tips for entrepreneurs looking to grow their businesses.

In an article driven towards entrepreneurs Anand Kapoor- Founder of Midcom Group shares his insightful tips on how to go from Startup to Conglomerate, and how entrepreneurs can grow their businesses. It takes more than a catchy name, interesting idea and enthusiasm to ensure a startup doesn’t remain stagnant. Anand Kapoor talks about his journey with Midcom Group, from being a tiny startup in Rwanda to currently being a multinational enterprise. This was primarily due to his keen interest in diversifying within industries- from telecommunications, commodities, commercial and residential real estate, dairy products, Forex to education.  Here are 8 tips he shared for entrepreneurs looking to grow their businesses. 1.     Understanding the ins and outs of the business. Passion is most important whilst getting into a business and one should be ready to eat, sleep and breathe their business making it the epicenter of their lives. 2.     There’s no looking back. This endeavor must be a wholehearted effort and not just another job. 3.     No matter how cliché it sounds, Planning is key. This will help you get a holistic view of your goals and achievements and feasibility. 4.     Give yourself a chance. Make use of every opportunity. And even if it means stepping out of your comfort zone, grab it and follow your dreams. 5.     Don’t fear failure. It will be part of every journey, and instead of getting knocked down, one should rather learn from the experiences, get up and start running again. 6.     Diversification is vital. Unless you have a niche business category like Airbnb, a restricted line of business is hard top sustain. Diversification also...
Why joining a start-up is a ‘Yes’.

Why joining a start-up is a ‘Yes’.

Managing Partner at Wamda Capital- Fadi Ghandour shares his views in an interesting article on Linkedin. Here he states that the best decision for youth, fresh graduates and young aspiring entrepreneurs is to join a start-up. He talks about how the youth lack clarity while choosing career paths. In his article, he also mentions how young professionals steer into different directions; while some choose to join well-established corporations, others try a more creative, innovative and challenging path. Fadi Ghandour also shares his experience of establishing his own start-up at twenty-two, and how his failures and successes have in turn given him valuable insights and helped him in the long run. “I want to tell you why it’s a good idea for you to consider joining a small start-up, or starting your own. Part of the attraction of joining a start-up is size. While size matters, bigger is not always better. Small is beautiful, because it gives you the kind of experiences you will never get in a big corporation. Small gives you big chances to learn more, contribute more, and grow in a way that will exceed your expectations. Small companies not only celebrate individual contributions; they are driven by them. When you are a vital part of a smaller team, it enhances your individual impact, increases your responsibility, and allows you to continually add and create value through what you do. When you and your teammates are committed to the same dream, you develop a unique kind of fellowship and camaraderie. You get to work with actual entrepreneurs, real innovators and social rebels who are leveraging technology to...