Dubai Plans to be the World’s First Blockchain City
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....
Related News
The rulers of Dubai have created a committee that is mandated with tracking the latest developments in the digital economy. The committee is also expected to bolster the rulers’ quest to make Dubai a “key city in the metaverse.”
Dubai Rulers’ Vision
The Dubai rulers, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum the crown prince and the deputy prime minister, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, reportedly “reviewed vital technology trends in the metaverse and issued directives to form a task force to track the latest....
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 head of the Dubai government’s Smart Dubai initiative provided new details on how she believes blockchain can help drive the city’s modernization efforts in a speech at industry conference Keynote 2016 yesterday. In remarks, director general at the Smart Dubai Office, Dr Aisha Bin Bishr, spoke broadly about her organization’s plans to help make Dubai the best connected and "happiest" city in the world. Further, Bin Bishr discussed how blockchain fits into this larger strategy, while touching on her work with the Global Blockchain Council (GBC), the public-private tech....
Sergey Yusupov posted on twitter that he has imported 400Bitcoin ATMs in Dubai. These ATMs could be operational within two weeks. Yusupov plans to have them operating in April all around the city. Yusupov's tweet shows a warehouse full of four hundred Bitcoin ATMs, though the exact location is unknown. The city authorities and government were not involved with importing the Units, and it was not disclosed if a license is needed to operate them. Yusupov also didn't mention what company would be responsible for upkeep and regulation of the units all over the city. As of right now, it seems....
The Smart Dubai Office, a government-backed initiative led by the Crown Prince of Dubai has partnered a FinTech specialist firm to implement a citywide payments platform based on blockchain technology. The government initiative has entered a memorandum of understanding (MoU) with FinTech consulting and development firm Avanza Solutions, signed in the presence of Hamdan bin Mohammed, the hereditary Prince to the crown of Dubai. Announced by Avanza quietly last week, the sweeping citywide project planned by the Smart Dubai Office will see a rollout of the blockchain payments platform to all....