Blockchain Strategy 2020

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Blockchain Strategy 2020

Why Blockchain for Dubai? 

The Dubai Blockchain Strategy, launched by His Highness Sheikh Hamdan, 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.

Blockchain Strategy: The 3 Pillars

Government Efficiency

The first pillar of the Dubai Blockchain strategy is Government Efficiency. Under this pillar, the new strategy will contribute to increased government efficiency by enabling a paperless digital layer for all city transactions, supporting Smart Dubai initiatives in the public and private sector. 

Required documentation, such as visa applications, bill payments and license renewals, which account for over 100 million documents each year, will be transacted digitally under the new strategy. 

Industry Creation

The second pillar of the Dubai Blockchain Strategy is Industry Creation. The Dubai Blockchain Strategy will introduce a system for enabling citizens and partners to create new businesses using the technology.

Under the new strategy, Blockchain will enable thousands of business opportunities in the private sector. Industries that will benefit from Blockchain technology include: real estate, fin-tech and banking, healthcare, transportation, urban planning, smart energy, digital commerce and tourism. 

Leadership

The third pillar of the Dubai Blockchain Strategy is International Leadership. In line with the third pillar, Dubai will open its Blockchain platform for global counterparts to enhance safety, security, convenience for international travellers to Dubai. 

Under the new strategy, international travellers will benefit from faster entry with pre-approved passport and security clearance and visas; easier mobility within in the city due to approved drivers licenses and car rental.

Smart Dubai: In The Press

DUBAI PAPERLESS STRATEGY COMPLETES PHASE ONE

Dubai, January 16, 2019 – The six Dubai Government entities participating in phase one of implementing the Dubai Paperless Strategy have successfully reduced their paper usage by 57%, announced Smart Dubai.  

In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, and under directives from H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, the Strategy seeks to transfer all applicable government transactions to digital platforms by 12/12/2021. This first stage saw Smart Dubai work with Dubai Police, Dubai Electricity and Water Authority (DEWA), Roads and Transport Authority (RTA), Department of Economic Development (DED), Dubai Land Department (DLD), and the Department of Tourism and Commerce Marketing (DTCM).

In a press conference attended by Chief Technology Officers and Chief Information Officers from all six government partners, Smart Dubai revealed that in 2017, these entities consumed 64 million papers. As the first phase of the Dubai Paperless Strategy was completed at the end of 2018, paper consumption was cut by an average of 57%, saving 37 million papers in total.

DEWA and DTCM reduced its paper usage by 60%, while DED and Dubai Police by 58% and 57% respectively. RTA and the Dubai Land Department cut paper consumption by 55% and 53% respectively.

Her Excellency Dr Aisha Bint Butti Bin Bishr, Director General of Smart Dubai, said: “We could not have accomplished this tremendous success without our partners across the participating government entities. I take this opportunity to express my gratitude for their efforts during this first phase of implementing the Dubai Paperless Strategy, where we are thankful to have witnessed savings of up to 60% – surpassing the 50% target we had set for 2018 – in less than a year from the Strategy’s launch in February.”

“The full digital transformation and elimination of paper transactions by 2021 is now closer than ever. The results we’ve achieved so far demonstrate that the transition towards a paperless government will reflect positively on the government services offered to people in Dubai, improving their lives in the process. This, in turn, brings us even closer to achieving our objective of making Dubai the happiest and smartest city in the world,” H.E. added.

“We are delighted to be announcing this accomplishment right as we usher in a new phase of government operations – one that is rooted in Dubai’s principles of governance, as well as the annual action plan outlined in the Fifty-Year Charter. Dubai’s digital transformation and investment in advanced futuristic infrastructure is a common trait shared by all clauses within the Charter, as evidenced in the virtual free zone,” H.E. Dr Aisha concluded, adding that the Dubai Paperless Strategy is an enabler for these ambitious strategic projects.

For his part, H.E. Wesam Lootah, CEO of the Smart Dubai Government Establishment (SDG), said: “Our main objective from implementing the Dubai Paperless Strategy is to ensure customer happiness, improve the Government’s efficiency, enhance Dubai’s international competitiveness, and drive Dubai towards becoming one of the leading sustainable cities of the world.”

“What Smart Dubai is accomplishing today with its partners is a world first,” H.E. Lootah asserted. “The smart transformation we aspire for the city cannot be achieved if only part of the city’s transactions are processed digitally, while paper is still being wasted for transactions of other services. The entire experience must be fully digital and presented to the user as an integrated experience, which will save each resident of Dubai 40 hours a year,  which would otherwise be spent traveling between service centres processing various paperwork.”

“The Dubai Paperless Strategy was designed along three key pillars, namely, Technology, whereby digital planforms and solutions will be utilized to ensure paper-free government transactions and procedures; Legislation, where the necessary legislative changes are made to regulate paperless transactions across all entities; and giving birth to a Paper-Free Culture, which seeks to overcome cultural barriers of individuals and institutions to promote paperless transactions and procedures,” H.E. Lootah concluded.

Source: smartdubai.ae 

SMART DUBAI INTEGRATE BLOCKCHAIN INTO DUBAIPAY

Dubai: Smart Dubai on Sunday integrated blockchain technology into its online payment portal, DubaiPay, to allow reconciliation and settlement transactions to be performed in real time, officials said.
Mira Sultan Obaid Abdul Rahman, director of smart services-enablement department at Smart Dubai Government, told Gulf News the strategy was to increase government efficiency by transferring all transactions to the blockchain network.

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She said the Department of Finance (DoF) would be working behind the scenes for reconciliations, settlements, refunds, disputes and other issues.
She added that the payment and reconciliation process was sequential and would take up to 45 days from the day a user makes a payment.

“The DoF has to do some manual work such as exchanging files between them, banks and the entities before a final payment is made to the entity. There is no real-time monitoring of the transaction in the old system and with blockchain, the whole process can be monitored in real time,” she said.

Dubai aims to become the world’s first blockchain-powered government by 20 
Twitter Ads info and privacy Mira Abdul Rahman said there are more than 20 use cases in different stages of implementation by the Dubai Government.

Moreover, she said, some of the government entities had made great strides in the new technology including the Dubai Land Department and Dubai Economic Department.

“Blockchain is not going to replace the current technology but it is going to compliment it and can be introduced in many industries such as identity, property, healthcare, energy, trading, loyalty programmes, to name a few,” she said.

Counting down investment In 2016, the total private sector investment in blockchain technology stood at $1.1 billion (Dh4 billion) globally and increased to $2.1 billion in 2017, she said and added that 600 new companies established their businesses in blockchain globally in 2016 and increased to 1,216 companies in 2017.

DubaiPay portal has more than 41 entities (27 government and 14 non-government) connected to the platform.
The blockchain project was awarded to Avanaza Solutions and the project team was formed between Smart Dubai and Department of Finance.

In the first phase, she said that Dewa, Knowledge and Human Development Authority (KHDA) were the first government agencies to join the system, apart from Emirates NBD and Network International to participate in the banking related procedures.

Dewa and KHDA have already processed more than five million transactions using the blockchain system.

More government entities such as Dubai Police, Roads and Transport Authority, Dubai Health Authority, Dubai Airports, Dubai Customs, Dubai Municipality, Department of Tourism and Commerce Marketing, Dubai Courts, Dubai Holding, and a number of banks and financial services providers are expected to join the system.

In 2017, Mira Abdul Rahman said that DubaiPay has collected Dh13 billion from 9.4 million transactions, an increase of 17 per cent compared to 2016.

Source: Gulf News

SMART DUBAI, IBM INTRODUCE  FIRST BLOCKCHAIN PLATFORM

Smart Dubai and IBM have rolled out the Middle East’s first government-endorsed blockchain platform, which slashes government payment processing times from a current average of 45 days to real-time transfers involving entities such as Dubai Electricity and Water Authority (Dewa).

The Dubai Blockchain Platform, introduced Tuesday and built locally in the UAE, is aimed at creating the world’s first paperless government by 2021, said Dr Aisha Bishr, director general of Smart Dubai. “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.”

Blockchain, which is the database technology behind cryptocurrency bitcoin, is a growing list of blocks (or transactions) which are linked with each other using cryptography - a mechanism for secure communications - that creates an open ledger that can record transactions in a fast and efficient manner.

Middle East and Africa spending on blockchain will reach $80.8 million (Dh296m) by the end of 2018, up from $38.9m in 2017, a rise of 107 per cent, according to Massachusetts-based International Data Corporation (IDC). Worldwide, the blockchain market is expected to grow significantly in the coming years. The global blockchain technology market is predicted to reach $2.3bn in size from $339.5m in 2017, according to Statista.

Dubai Pay Blockchain Settlement and Reconciliation System, the first customer of the Dubai Blockchain Platform, is the payment gateway for most of the Dubai Government entities. Dewa and Knowledge and Human Development Authority are the first government agencies to join the new system - the two enterprises have so far managed a total of more than five million transactions through blockchain.

However, more government entities including Dubai Police, Roads and Transport Authority, Dubai Health Authority, Dubai Airports, Dubai Customs, Dubai Municipality, Department of Tourism and Commerce Marketing, Dubai Courts, Dubai Holding and a number of banks and financial services providers are expected to join the system in coming months.

Dubai Pay Blockchain Settlement and Reconciliation System was launched by Dubai Pay last month.

Dubai residents who use the portal for payments won't notice much difference in user experience but the back-end of the transaction is more secure and much faster.

Source: The National