If you’re not in Dubai, you’re not in the blockchain. This is according to Muhammad Salman Anjum, the Chief Mate at InvoiceMate and an passionate Bitcoin SV supporter. In an interview with CoinGeek Backstage, he talked about the rise of Dubai as a blockchain hub and how he is solving the pain points in invoicing through Bitcoin SV.
Anjum has been based in Dubai for the past 11 years, spending the last five in the blockchain industry. In addition to InvoiceMate, he also leads the BSV Hub in Dubai, where he promotes the adoption of the BSV blockchain in government and enterprise applications all over the Middle East.
“For blockchain and crypto, this is now becoming a Makkah. To me, if you’re not in Dubai, you’re not in blockchain,” he noted.
Having been in Dubai for over a decade, Anjum has seen the city develop into a blockchain hub, with the government playing a large part by encouraging innovation and adopting blockchain itself. At first, it was just simple applications to test the waters. However, since then, more sophisticated applications have sprung up, he told CoinGeek Backstage host Becky Liggero.
“It started with enterprise and government applications, but now there’s all kinds of applications on the blockchain, not to mention the metaverse itself,” he said.
Anjum’s company focuses on eliminating the various pain points in the world of invoicing. Having worked in a corporate environment for years before he dove into blockchain, Anjum understands how tedious, costly and inefficient the process is. This is despite invoices being the most commonly used business document globally.
An invoice goes through various steps, from creation and validation to financing and payment. All along, there are challenges that crop up, which cost businesses billions of dollars. InvoiceMate is eliminating these issues through the blockchain, Anjum told CoinGeek Backstage.
“So, blockchain is the best solution, and BSV blockchain, which is low-cost, fast, scalable and stable, is the one we operate on. InvoiceMate is ensuring the complete journey on an auditable blockchain to ensure the integrity of the invoicing, and that is helping the know-your-invoice concept,” Anjum stated.
Know Your Invoice (KYI) is a new concept that InvoiceMate has brought along in which it allows users to follow the journey of their invoices along the line and ensure that they aren’t tampered with.
For Anjum, the decision to build on BSV was a no-brainer. Unlike the thousands of other networks, BSV focuses on solving real-world problems. He believes that too many people are focused on the tokens, the hype, the protocol wars, and other aspects that bring no real value to the end-users.
“Build the applications, bring utility to the users first,” he said.
Watch: The BSV Global Blockchain Convention panel, Islamic Finance & Blockchain
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