Smart City, the Dubai Government owned organization entrusted with making Dubai the world’s technologically advanced city, announced that it’s about to release 20 blockchain-based applications in order to keep up with latest technology and stay efficient.
“Blockchain will improve people’s experience,” Aisha Bint Buti canister Bisher, the director general of Smart Dubai, disclosed to The National on the sidelines of Unlock Blockchain Forum on Sunday.
“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.”
Ms Bisher said Smart Dubai had set a due date for 2020 to reveal its blockchain procedure however it was probably going to have the capability to do it in 2018. As of now, she added, blockchain was being utilized as a part of land registry exchanges.
Smart Dubai said last March that the move to blockchain, including the utilization of high secure distributed electronic ledgers, is relied upon to enhance the conveyance of fundamental taxpayer driven organizations, sparing more than 25 million efficiency hours for each year. The administration organization joined forces with IBM and Consensys who are acting as vital specialists and counselors, Ms Bisher said.
Blockchain, a computerized innovation that is achieving effectiveness in information and monetary exchanges using cryptography – systems for secure correspondence – has been best connected with bitcoin, the digital money whose brilliant ascent in esteem a year ago caught the world’s imagination. The innovation behind bitcoin is being utilized as a part of numerous areas of life, including finance, to transfer cash and data securely and rapidly. Progressively governments in the Arabian Gulf are putting resources into the innovation as an approach to enhance far from depending too vigorously on oil incomes.
“Investment in blockchain across the GCC and beyond is ramping up at an impressive rate as organisations recognise it for the disruptive technology that it is,” Ramez Dandan, the national innovation officer at Microsoft Gulf, said at the blockchain meeting in Dubai on Sunday.
“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.”
The Dubai Land Department, Dubai Municipality, Dewa and the Department of Naturalization and Residency Dubai are among those running blockchain pilot ventures, it was accounted for a year ago. In the mean time, Dubai Customs, Dubai Trade and government-possessed ICT firm Dutech are working with IBM on Blockchain record ventures.
“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,” Ms Bisher said.
“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.”