Dubai Government Backs Expansive Blockchain Research Effort
An innovation center established by Sheikh Mohammed bin Rashid, vice president and prime minister of the United Arab Emirates (UAE) and emir of Dubai, has announced the formation of a research council focused on blockchain technology. Launched in 2015, the Museum of the Future was created with the mandate to encourage innovation and help foster investigation of new technologies within the Middle Eastern nation. The keystone of the project will be an architectural centre (estimated to cost $136m) and set to be completed in 2017. According to the release, the Global Blockchain Council will....
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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....
Dubai, a global hub for trade, wants to incorporate the blockchain into daily economic life. The country believes blockchain technology could put them on the cutting edge of simplified record-keeping, as well as the transportation of goods worldwide. Blockchain incorporation into the society there, which joins an across the board effort to place Dubai on the cutting edge of how cities are run, will exist alongside Dubai’s advanced transportation infrastructure and near-zero taxes. The world’s largest corporations, such as IBM, Microsoft and dozens of big banks, are exploring uses for 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....
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....