Smart Dubai, a government office charged with facilitating Dubai’s citywide smart transformation, has announced that it will collaborate with IBM to launch the Dubai Blockchain Platform.
Delivered through an IBM Cloud environment and built locally in the UAE, the enterprise-ready system is the first government-endorsed blockchain platform as-a-service in the United Arab Emirates (UAE).
According to a statement, the platform will serve as a stepping stone for organizations in the UAE and globally to transition their blockchain testing and development into full-production.
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In addition to this, organizations will benefit from keeping their data in-country and conducting transactions locally, enabling lower operational costs.
Her Excellency Dr. Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office (SDO), said: “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.
“Dubai has been a pioneer in blockchain technology since its inception, while other major cities around the world were reluctant to embrace it for city-wide implementation.
With the participation of private and government entities, a workshop has been held at #SmartDubai around the #Blockchain Policy with the aim of solving the 2 biggest challenges; supporting law regulations and collaboration. pic.twitter.com/lGbd5RZjnb
— Smart Dubai (@SmartDubai) October 31, 2018
“The Dubai Blockchain Platform we are launching today with IBM – who bring a wealth of insight and expertise in the advanced tech industries – drives us forward in our mission and allows us to power all blockchain applications in the city from one united portal.”
H.E. Wesam Lootah, CEO of the Smart Dubai Government Establishment (SDG), said: “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.”