DUBAI PLANS TO LAUNCH 20 BLOCKCHAIN-BASED SERVICES IN 2018
Dubai is already running pilot programs in a few government departments but hopes to implement 20 blockchain-based initiatives in this year.
Dubai is making good on its nickname as the ‘City of the Future’. Its government had previously formed Smart Dubai, an agency created with the aim of making Dubai the most technologically advanced, and smartest city in the world. Part of that journey is to include blockchain-based services into a number of sectors.
Both IBM and Consensys have entered into strategic partnerships with the agency in advisory roles in order to help realize the goals of Smart Dubai.
BLOCKCHAIN IS NOT JUST FOR BITCOIN
According to The National, Aisha Bint Buti bin Bisher, who is the director general of Smart Dubai, believes that “blockchain will improve people’s experience.”
While at the Unlock Blockchain Forum, she went on to explain the implementation of this technology in the city:
The applications are in various fields, some of them are in RTA, road and transport, some of them are in energy, health and education. These 20-use cases are under pilot, and we are looking forward to see the results so we can scale it.
THE FUTURE IS NOW
Even though the initial deadline for the launch was scheduled for 2020, Bisher is confident that it can be completed this year. In fact, blockchain technology is already being used for land registry transactions.
Other government sectors, such as Department of Naturalization and Residency Dubai, are also running pilot programs. Additional departments, including Dubai Customs, are collaborating with IBM on future initiatives.
The agency has said that blockchain technology will improve service delivery in government by saving more than 25 million hours of productivity every year.
Bisher also said:
While others were still debating the prospects of this new technology, we went to work and today we are making Dubai the blockchain capital of the world, and we have already begun.
In addition, she touched on the blockchain benefits that the city is already experiencing:
Dubai broke ground when the world reluctantly approached this technology. Already, blockchain is rewriting how we deal with city services. In just a handful of years, blockchain has transformed key aspects of our city.
DISRUPTION BREEDS INNOVATION
While at the same conference, Ramez Dandan, who is the national technology officer at Microsoft Gulf, discussed how the disruptive technology is an exciting addition to the business sector:
Investment in blockchain across the GCC [Gulf Cooperation Council] and beyond is ramping up at an impressive rate as organizations recognize it for the disruptive technology that it is.
He further explained:
We strongly believe in the technology’s immense potential for enterprises of all scales and industries. It allows them to share business processes with suppliers, customers and partners, leading to new opportunities for multi-party collaboration and eventually exciting new business models.
Governments in the Arabian Gulf, including the United Arab Emirates, are looking to invest in technology to substantiate oil revenue, the latter of which has suffered recently due to oil price declines.
Author: NIKITA BLOWS · JANUARY 16, 2018 · 1:15 AM
Posted by David Ogden Entrepreneur
Alan Zibluk Markethive Founding Member