Join Our Mailing List
Sunday September 24, 2023
Bitcoin (BTC) $26,564.12   Ethereum (ETH) $1,592.45
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

Smart Dubai and IBM launch government-endorsed blockchain platform for UAE

Published by CryptoNinjas.net
10/30/2018
Smart Dubai and IBM launch government-endorsed blockchain platform for UAE

Smart Dubai and IBM Blockchain today announced the launch of the Dubai Blockchain Platform, the first government-endorsed blockchain platform-as-a-service in the United Arab Emirates (UAE).

Delivered through an IBM Cloud environment and built locally in the UAE, the enterprise-ready platform will serve as a stepping stone for organizations in the UAE and globally to transition their blockchain testing and development into full-production. It will also transform and digitize applicable government processes and citizen services.

Through the collaboration with IBM, Smart Dubai aims to run all applicable government transactions on blockchain and make Dubai a global benchmark for city-wide blockchain implementation.

Dubai has been leading efforts to encourage the use of blockchain, with a vision to make the emirate a paperless government by 2021. As part of the Dubai Blockchain Strategy, for which IBM is the official Blockchain Strategic Partner, Dubai has seen the launch of various blockchain applications in a number of government entities across different sectors, including roads and transport, energy, healthcare, and education.

The new Dubai Blockchain Platform will help integrate digitized services and experiences run on IBM Blockchain into citizens’ day-to-day lives. Organizations will also benefit from keeping their data in-country and conducting transactions locally, and in turn, lower operational costs.

The platform will conform to the Information Security Regulation (ISR) standards issued by the Dubai Government. It will also be powered by IBM’s mainframe technology, LinuxONE, which is capable of running more than 6.2 billion web transactions per day.

The Dubai Pay Blockchain Settlement and Reconciliation System, officially launched on September 23rd, will be one of the first projects to migrate onto the Dubai Blockchain Platform. Through this service, a process that used to take entities approximately 45 days to reconcile and settle payments with other government entities, banks, and financial institutions, is now reduced to real time.

[perfectpullquote align=”full” bordertop=”false” cite=”Her Excellency Dr. Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office (SDO)” link=”” color=”” class=”” size=””]”Guided by the forward-thinking vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, and the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, Smart Dubai has been moving rapidly towards our main objective of transforming the emirate into a full-fledged smart city that tops global competitiveness and happiness indexes.”[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”H.E. Wesam Lootah, CEO of the Smart Dubai Government Establishment (SDG)” link=”” color=”” class=”” size=””]”As Dubai persists on its path to becoming a world leader in the industries of the future, Blockchain technology will occupy an increasingly significant status in Governments’ and organizations’ day-to-day undertakings, as well as in individuals’ everyday lives. Blockchain is steadily moving towards becoming a multi-billion market by 2019 and we, at Smart Dubai, have successfully embedded the technology in numerous services, the latest of which was the advanced ‘Dubai Pay Blockchain Settlement and Reconciliation System’, which eliminates friction from financial processes between government entities through automation and minimal human intervention. And with the launch of the Dubai Blockchain Platform today, we will be one step closer to implementing Blockchain-powered services and experiences into citizens’ day-to-day lives.[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”Amr Refaat, General Manager, IBM Middle East and Pakistan. “” link=”” color=”” class=”” size=””]”In the past few years, technologies such as blockchain have moved up on the agenda in Dubai. Today, proof of concepts are bypassed and organizations are moving into full-scale production. Blockchain provides an added layer of trust and transparency among government organizations and businesses and helps make collaboration more efficient. The new IBM Blockchain-based service will enable organizations to keep their data in-country and conduct transactions locally. It also conforms to Dubai Government’s Information Security Regulation standards.”[/perfectpullquote]

42
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

Centotrenta launches credit securitization management platform based on IBM Blockchain technology

02/20/2020
Centotrenta launches credit securitization management platform based on IBM Blockchain technology

IBM and Centotrenta Servicing, today announced the HyperMast STS platform, an end to end credit securitization management platform based on IBM Blockchain technology designed to address financial sector requirements for their clients including data...

Read more

IBM and Tata Communications join Hedera Governing Council

08/12/2019
Hashgraphibmtata

Hedera Hashgraph, an enterprise-ready distributed ledger platform, has announced that IBM and Tata Communications have joined the Hedera Governing Council. The Council, which will comprise up to 39 multinational entities from a diverse array...

Read more

Leading companies join IBM & Chainyard for new blockchain supply chain network

08/05/2019
Ibm Blockchain Supply Chain Network

IBM and Chainyard today announced Trust Your Supplier (TYS), a new blockchain network designed to improve supplier qualification, validation, onboarding, and life cycle information management. Anheuser-Busch InBev, Cisco, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone are founding...

Read more

Blockchain loyalty protocol qiibee joins ‘Startup with IBM’ program

08/05/2019
Qiibee Ibm

qiibee, a blockchain-powered platform that enables any business to create, launch, and manage their own branded loyalty token, today announced its acceptance by the ‘Startup with IBM’ program, making it an official IBM partner....

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy