Blockchain-Powered Halal Chain Launched in Dubai and Indonesia

HalalChain, a blockchain platform dedicated to product traceability in the Halal industry, was launched at a showcase event at the Dubai Airport Free Zone (DAFZA) on 14 May 2018.

Attending the event were diplomats, government officials, blockchain experts, industry players and business leaders. It illustrated how blockchain can address the global challenges of HALAL compliance, including the lack of a globally recognized HALAL certification system, inaccurate and untrue data about HALAL products, poor supervision of HALAL product ingredients, and the difficulty of managing HALAL food under a centralized regulatory system. HalalChain solves these problems by providing a permanent, public, distributed ledger.

As a public blockchain, an open, distributed ledger that can effectively record transactions between two parties—a verifiable and permanent method—HalalChain can track and verify HALAL food, pharmaceuticals and cosmetics through all stages of production, processing and distribution, across the entire supply chain. The system will revolutionize the integrity of HALAL compliance through real-time monitoring, comprehensive application of HALAL standards, and ensuring the integrity of HALAL certification.

HalalChain also provides a comprehensive solution for instant electronic payments, driven by blockchain and the Internet of Things for use in e-commerce and other industries.

'HalalChain is a comprehensive ecosystem, a mutual complement of the Islamic economy and the data economy. However, the use of HalalChain is not limited to the HALAL industry; it can also be used to provide transparency for organic food, non-GMO food and gluten-free food labeling,' said HLC co-founder and Managing Director Abdullah Han.

'The launch of HalalChain aligns with Dubai's vision related to the Islamic economy and blockchain technology. Last month, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the UAE Blockchain Strategy 2021. We are honored to be among the first to launch blockchain technology in Dubai,' said HLC co-founder and CEO Dr. Sulaiman.

Three memoranda of understanding (MOUs) were signed between HalalChain and Halal Asia, a partner company of GulfTIC Certification—the UAE market leader, a conformity assessment service body responsible for exporting HALAL-certified products to GCC countries—and My Outlets, a HALAL supply chain platform that facilitates manufacturers and exporters in distributing HALAL products.

About HLC Technologies

HLC Technologies, registered in the Dubai Airport Free Zone, is at the forefront of the blockchain industry, working on HALAL industry traceability, the Islamic economy including Islamic finance, instant electronic payments, e-commerce and others driven by blockchain, the Internet of Things, big data, artificial intelligence, biometric technology and more.

About HalalChain

HalalChain is a decentralized smart chain based on blockchain and the Internet of Things, achieving food traceability through all stages of production, processing and distribution across the entire supply chain. The Halal smart chain is not limited to the HALAL food industry, but can also achieve traceability of pharmaceuticals and cosmetics, as well as all food, to ensure safety and compliance with all health claims.

HalalChain holds its first major blockchain event in Indonesia

Indonesia is one of Southeast Asia's largest economies, with a population of more than 260 million. It is one of the largest potential markets in the world for blockchain technology, digital assets and fintech.

To provide quality assurance and track the end-to-end supply chain of HALAL goods and services, HalalChain—a technology company powered by the Internet of Things, blockchain and smart contracts—was warmly welcomed by participants of Blockchain INDO 2018. Held from 11 to 12 May 2018, the event was Jakarta's first and largest blockchain conference, with 1,500 participants and more than 40 global speakers sharing insights on current blockchain updates and providing case studies on the implementation of the technology.

HLC Technologies, headquartered in Dubai (UAE), meets the HALAL product needs of not only the food industry but also pharmaceuticals and cosmetics. During the two-day event, people were eager to learn more about HalalChain's data collection, storage and analysis processes, and how to enable end consumers to access data to improve transparency and food safety awareness, as a solution providing accurate quality measurement of HALAL products.

According to the 2016-2017 State of the Global Islamic Economy Report, the global HALAL economy is estimated to be worth about US$3.9 trillion, while Indonesia ranks among the top 15 of existing markets. Today, the word HALAL has become closer to the ummah—not only the ummah, but also a lifestyle. Through HalalChain, we learned that many consumers today are gradually becoming aware of and actively seeking more information about the benefits of HALAL products to improve transparency and food safety awareness.