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Dubai's government transfers entire state document flow to blockchain by 2020

The Crown Prince of Dubai has announced the launch of a strategic plan for the emirate, according to which by 2020 the entire state document flow will be recorded in blockchain.

Hamdan bin Mohammed Al Maktoum said this on Wednesday, October 5, at the event organized by Dubai Future Foundation and Smart Dubai Office. At the same time the ultimate goal of the initiatives implemented by the Government of Dubai will be providing other cities around the world with the created blockchain platform.

Transfer of the state documents to the blockchain is part of a broader initiative to establish standards for “smart cities” of the future.

"The emirate has worked tirelessly in order to foresee the future and keep up with the fourth industrial revolution and its attendant prospects of increasing efficiency," the statement of the Crown Prince of Dubai said.

The announced initiative will be based on three fundamental principles: the effectiveness of the government structures, raising the economic potential and leadership on the international stage.

In particular, the creation of new digital layer for the entire state document, which in turn will create new business opportunities for the private sector, is expected.

Among the industries that will benefit from the transition to the digital environment, the Dubai government calls the real estate sector, banks, health care, transportation, urban planning, smart energy, digital commerce and tourism.

However, the most interesting aspect of the stated plan is to provide access to the platform created for other cities around the world. As in Dubai the Future Foundation and Smart Dubai believe, this international network will facilitate the tourists crossing borders in the presence of pre-approved forms of identification and authenticated purses.

"Users will be enough to enter their personal data or information about the company once, after which the information will be verified in blockchain networks in all public and private institutions, including banks and insurance companies," the minister of Dubai's future, Mohammed Abdullah Al Gergawi, said.

In February 2016 the establishment of the World Blokchain Council under the auspices of the Museum of the Future in Dubai was announced. The project is implemented with the support of the UAE government, and it includes more than 30 companies, including Cisco, IBM, SAP and Microsoft. Also, the Council included representatives of the Bitcoin industry in the face of BitOasis, Kraken and YellowPay.

In May, during the Keynote Conference 2016 in Dubai new projects using blockchain technologies were presented.

Source: forklog.com

  • October 11, 2016 5:45 PM MSK
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