Smart Dubai Endorses Blockchain Platform From Major Local Telecoms Operator

Published at: April 3, 2019

The blockchain platform built by one of the United Arab Emirates’ (UAE) two telecoms operators has received an official endorsement from the government as part of the country’s blockchain integration, executives confirmed in a press release on April 3.

Du, formerly known officially as Emirates Integrated Telecommunications Company, created its Blockchain-Platform-as-a-Service (BPaas) to offer cloud-based private blockchain hosting compatible with both Ethereum (ETH) and the Hyperledger Fabric.

Now, the platform has received the seal of approval from Smart Dubai, the government organization in charge of transforming state-level services with the leveraging of disruptive technologies by 2021.

“The Dubai blockchain agenda is an integral strategy for the city’s future and we are proud to be a key enabler for the digitisation of the government,” Farid Faraidooni, du’s deputy CEO of enterprise solutions, commented in the press release. He added:

“By building on top of our BPaaS to support the country’s digital transformation, our blockchain endorsement by the Smart Dubai Office is an important step towards providing smart solutions that create efficiencies for government transactions leading up to 2021.”

The announcement comes the same week as the UAE hosts a dedicated conference on blockchain’s role in the aviation industry. Last month, a similar conference addressed cryptocurrency more directly, with authorities hinting at the need for supportive regulation of the phenomenon.

Smart Dubai, meanwhile, also aims to implement advances such as Internet of Things (IoT) and artificial intelligence (AI) as part of its roadmap.

“The city of Dubai has pioneered blockchain from the onset and continues to be a global leader in providing new and improved ways to implement and set the future roadmap for the evolution of this ground-breaking technology,” Smart Dubai CEO Wesam Lootah added.

Cointelegraph has previously provided a comprehensive summary of Dubai’s blockchain plans.

Tags
Blockchain
Uae
Dubai
Baas
Related Posts
Dubai Debuts Nationwide Data Platform Powered by Blockchain
This platform is set to become a nationwide system for exchanging verified customer data. Dubai’s Department of Economic Development, or DED, and state-run bank Emirates NBD are rolling out their so-called UAE KYC Blockchain Platform. 120 local firms already signed up for the platform with Emirates NBD First revealed in February 2020, the new blockchain platform is designed to unlock digital customer onboarding, instant bank account functions, and verified KYC data sharing between licensing authorities and financial institutions. Announcing the news on July 28, the DED and Emirates NBD said that the platform has over 120 companies already on-boarded by …
Technology / July 29, 2020
Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions
The Dubai Chamber of Commerce and Industry (DCCI) has signed a memorandum of understanding (MoU) with Emirates NBD. Middle Eastern news daily Saudi Gazette reported on Oct. 14 that the DCCI, which acts as an international business hub in Dubai, has signed an MoU with Dubai government-owned bank, Emirates NBD. The bank, which is one of the largest banking groups in the Middle East in terms of assets, will provide trade finance solutions for the Digital Silk Road, a Dubai 10X initiative, which uses blockchain technology to digitize trade processes in Dubai. Dubai 10X is a program wherein various departments …
Blockchain / Oct. 14, 2019
Economic Dept. of Dubai Unveils Blockchain-Based Business Registry
The Department of Economic Development in Dubai has announced its move to a blockchain-based unified business registry platform (UBRP). According to a Saudi Gazette report on Oct. 7, the platform aims to improve the ease of doing business in Dubai and enable license issuers to manage trade licenses and corporate registries. The Silicon Oasis Authority, the Dubai Electricity and Water Authority, and Dubai Multi Commodities Centre have already joined the platform. The UBRP eventually aims to host a total of 40 government entities. The solution is hosted on the blockchain-as-a-service platform called Dubai Pulse, which is a joint initiative of …
Blockchain / Oct. 8, 2019
Dubai Chamber of Commerce Signs MoU on Blockchain Trade Solutions
The Dubai Chamber of Commerce and Industry (DCCI) has entered a joint initiative to promote the adoption of blockchain trade solutions, according to a press release on July 1 The DCCI, which acts as an international business hub in Dubai, has signed a memorandum of understanding (MoU) with two entities the International Chamber of Commerce (ICC) and Singapore-based blockchain startup Perlin. According to the report, DCCI is the first chamber of commerce in the world to offer blockchain tools developed by the ICC, as well as the Centre of Future Trade (CoFT), a collaborative project the ICC and Perlin announced …
Adoption / July 1, 2019
Liechtenstein-Based Crypto Fund Manager Receives Backing from Dubai Royal
The article has been updated to reflect a mistake in the name of the Sheikh involved in the funding, who is Sheikh Saeed bin Ahmed Al Maktoum, not Sheikh Ahmed bin Al Maktoum. Dubai royal Sheikh Saeed bin Ahmed Al Maktoum is backing Lichtenstein-based cryptocurrency fund manager Invao, according to a report from Bloomberg on Feb 5. The fund management firm purportedly aims to secure more investors in the United Arab Emirates (UAE). The Sheikh’s private office, known simply as The Private Office, will reportedly help Invao to secure funding in the UAE. The Private Office also invests in cryptocurrencies …
Blockchain / Feb. 5, 2019