Smart Dubai to announce results on 20 Blockchain use cases, results of ICO Cryptocurrency study for the government in Q3 and Q4 of 2018

H.E Dr. Aisha Bint Buti Bin Bishr, Director General of Smart Dubai discussing about the new updates in line with Dubai and Dubai’s initiatives and plan for UAE’s Blockchain strategy, cryptocurrency and ICO legislation.

In year 2018 Dubai rolling out 20 (twenty) Blockchain use cases across the city.
Dr. Bin Bishr states, “When we launched our project back in 2016 we sought in phase one to understand the technology, its effects, efficiencies and applicable use cases. In 2017 we chose 20 uses cases across multiple entities to provide a unique efficient seamless solution. By end of 2017 we had 20 use cases that we are assured will add value, and starting from January 2018 these use cases went into pilot phase or what we call proof of concept phase. In Q4 of 2018 we will see the results of these POCs and 2019 will witness full implementations.”

She also added, “With advanced technologies you cannot go and implement unless you know the exact impact so we took our time and later on we will scale it across the city.”

Prominent Blockchain Use Cases

Property and Land record management

Dr. Bin Bishr also explained, “When it comes to our use cases we have both horizontal and vertical use cases so the involvement is not only from governments but private sector as well. For example the Dubai Land Department Blockchain use case involves banking sector, DEWA, Dubai Municipality and others. In our horizontal use case we are implementing a Blockchain platform as a service which is more efficient than each investing in their own proprietary networks. As for the property use case, it involves buying or developing property and that needs approvals from DLD, Dubai Municipality, DEWA and even financing tools so banking ecosystem is involved and soon all this will be done with a press of a button.”

Economic Development
As she stated that, “many businesses today are either registered in DED for mainland or free zone areas by connecting them all to the Blockchain businesses can easily move between the mainland and free zone with the press of a button adding efficiency and seamless experience.”

Role of Smart Dubai in UAE Blockchain Strategy

According to Dr. Bin Bishr, “We are very blessed to be in Dubai because whatever we do here becomes a pilot for the rest of the nation whether it was e-government, digital payments and now Blockchain. After our success in Blockchain, H.H. Sheikh Mohammed bin Rashid Al Maktoum the Vice President and Prime Minister of the United Arab Emirates, and Ruler of the Emirate of Dubai announced the UAE Blockchain strategy. We are aligned fully and have the same pillars as that of the federal government. We are currently opening our use cases to be shared with federal government especially since in a lot of these cases the federal governmental authorities play a major role. This is specifically true when it comes to Blockchain implementations in economic sector and energy.”

H.E. Omar Al Olama Minister of AI (Artificial Intelligence) on the AI roadmap. Dr. Bin Bishr explains, “We have been selected to be a member of the UAE AI council and part of our role is to showcase our success stories in Dubai and scale it to other entities across the UAE.”

References:
https://www.unlock-bc.com/news/2018-06-26/smart-dubai-study-addresses-ico-cryptocurrency-with-recommendations-in-q3-2018