Launched by His Highness Sheikh Hamdan, the Dubai Blockchain Strategy, is a result of a collaboration between the Smart Dubai Office and the Dubai Future Foundation to continually explore and evaluate the latest technology innovations that demonstrate an opportunity to deliver more seamless, safe, efficient, and impactful city experiences.
Blockchain technology is a new, powerful tool that is already shaping the future of the Internet with simple, safe and secure transactions. The Dubai Blockchain Strategy will help Dubai achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, to create the future of Dubai, and make Dubai the happiest city on earth.
New Wave of Economic Opportunity & Digital Innovation
The Dubai Blockchain strategy will usher in economic opportunity for all sectors in the city, and cement Dubai’s reputation as a global technology leader, in line with Smart Dubai’s mandate to become global leader in the smart economy, fuelling entrepreneurship and global competitiveness.
Dubai has a long tradition of leading digital innovation for the region. Now, for the first time, Dubai will be pioneering the application of new technology for cities, and sharing it with the world. When successful, Dubai will be the first blockchain powered government, driving the future economy.
"Adopting Blockchain technology Dubai stands to unlock 5.5 billion dirham in savings annually in document processing alone — equal to the one Burj Khalifa’s worth of value every year." The Dubai Blockchain Strategy establishes a roadmap for the introduction of Blockchain technology for Dubai and the creation of an open platform to share the technology with cities across the globe. The Dubai Blockchain strategy is built on three pillars of government efficiency, industry creation and international leadership.
2nd Meeting of the Dubai Future Council for Blockchain
Smart Dubai hosted the second meeting of the Dubai Future Council for Blockchain at its offices.
‘DubaiNow’ App Hits AED 4 Billion in Total Value of Transactions Processed
The DubaiNow platform and application has processed 7.5 million transactions, worth AED 4 billion, since its launch in 2015.