Dubai Government Seeks Blockchain Projects for Startup Fund
A technology initiative backed by the Dubai government has launched a $275m startup investment fund (1bn AED) organizers say will likely back blockchain projects. Announced last week, the Dubai Future Foundation officially opened the Dubai Future Accelerators initiative, a 12-week startup program based in the United Arab Emirates that will seek to encourage innovation in "strategically important" sectors. A partnership with global investment firm Dubai Holding, the effort is centered around promoting the development of business ideas around six "challenges" in areas....
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The Ethereum development startup ConsenSys has released a new white paper for its projects in Dubai at the city’s World Government Summit. The paper, titled “Blockchain, Hyperconnectivity and the City of the Future,” details new plans for innovation focusing on smart cities and the Internet of Things. "We are thrilled to see Dubai emerge as a home for fast forward, broad focus Blockchain innovation and are looking forward to ongoing opportunities to work with Dubai government and corporates toward accomplishing many ambitious goals,” ConsenSys founder Joseph Lubin told the....
The government of the United Arab Emirates is sponsoring a virtual hackathon dedicated to blockchain, with $140,000 in prizes up for grabs. Organized by AngelHack and featuring technical support from ethereum startup ConsenSys, the Blockchain Virtual GovHack is aimed at spotlighting innovations that could reshape how local and national governance can be enhanced. The hackathon dovetails with the World Government Summit, an annual gathering in Dubai set to take place in February. Those backing the hackathon are seeking applications in areas like digitized government, e-identity and....
A startup building an ethereum-based platform for IoT applications has won $100,000 at a blockchain hackathon in Dubai. Project Oaken was awarded the top prize during a presentation at the World Government Summit, a Dubai government-sponsored event focused on smart governance held this week in Dubai. Unveiled in late November, the Blockchain Virtual GovHack was aimed at promoting blockchain-based solutions for advancing smart city applications. The initiative was organized by AngelHack, with support on the technology side from ethereum startup ConsenSys. Project Oaken was one of three....
A new report shows that 65% of the 1,450 Web3 organizations are based on native blockchain technology, while 35% of the organizations are based on non-native technology. United Arab Emirates (UAE) has emerged as one of the fastest-growing destinations for Web3 projects, thanks to the initiatives taken by its government.A recent research report published by the Web3 platform Crypto Oasis Ecosystem highlighted the dominance of UAE in the Web3 economy as it identified more than 1,450 active Web3 organizations with nearly 7,000 individuals.The report divided Web3-based projects into two....
In a significant endorsement of blockchain technology, the underlying innovation of bitcoin, the Dubai government will see of its documents on a blockchain. The government of Dubai will see all of its documents on a blockchain by the year 2020. The announcement was made via the Dubai Media Office’s official social media account, citing Hamdan bin Mohammed, the hereditary Prince to the crown of Dubai. Furthermore, the Prince revealed that Dubai will also be executing all its transactions on a blockchain by 2020, as a part of a new program called the “Dubai Blockchain Strategy.” Under the....