Dubai to Transfer 100% of Government Documents on Blockchain by 2020
Dubai has announced the adoption of blockchain technology into governance, expected to be completed by the end of 2020. Blockchain technology is growing beyond mainstream banking and financial sectors. As forecasted, the distributed ledger technology is now being adopted by the governments as well. Leading the initiative is the Government of United Arab Emirates, particularly Dubai. According to reports, the financial capital of UAE, Dubai will soon be using blockchain technology for all government documents. The implementation is expected to be completed by the year 2020. The government’s....
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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....
The Crown Prince of Dubai announced a strategic plan today that would see all government documents secured on a blockchain by 2020. Revealed at an event hosted by the Dubai Future Foundation and the Smart Dubai Office, the final goal of the government-led initiative is to open the blockchain platform to other cities around the world. In remarks, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum explained the effort is part of a larger bid by the emirate, one of seven in the larger UAE, to set the "standard" for smart cities. He said: "The emirate is building on that....
Dubai‘s leaders are committed to researching and developing blockchain technology. For instance, the Crown Prince of Dubai wants all government documents held in a blockchain by 2020. Now the largest bank in Dubai, Emirates, has partnered with India’s ICICI on a remittance pilot based on distributed ledger protocols. Crown Prince of Dubai Focused On....
Bitcoin wallet and block explorer resource Blockchain has been revealed as a Government of Dubai partner in the latter’s goal toward switching all government documents and transactions over a blockchain by the year 2020. Speaking at the World Economic Forum this week in Davos, Switzerland, Blockchain CEO Peter Smith also revealed plans for expanding the company to gain a presence in the Middle East. As reported by regional English publication The National, Smith stated: I am very optimistic about the Middle East and we plan to invest big there. I’m really excited about it. It’s a great....
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