In a significant endorsement of blockchain technology, the underlying innovation of bitcoin, the Dubai government will see of its documents on a blockchain.
The government of Dubai will see all of its documents on a blockchain by the year 2020. The announcement was made via the Dubai Media Office’s official social media account, citing Hamdan bin Mohammed, the hereditary Prince to the crown of Dubai.
The government of Dubai will see all of its documents on a blockchain by the year 2020. The announcement was made via the Dubai Media Office’s official social media account, citing Hamdan bin Mohammed, the hereditary Prince to the crown of Dubai.
Furthermore, the Prince revealed that Dubai will also be executing all its transactions on a blockchain by 2020, as a part of a new program called the “Dubai Blockchain Strategy.”
Respectable details of the brand new government directive, decided by means of Dubai’s Sheik Mohammed, are currently scarce.
The crown prince additionally delivered that the Dubai future basis could be tasked with overseeing the approach to its implementation, even as the clever Dubai office executes the directive.
The Dubai authorities’s hobby to position itself as a blockchain hub and include the generation become first discovered in February 2016, when its Museum of the destiny basis mounted the ‘worldwide Blockchain Council.’
The subsequent month of March saw the council planned and draw plans for initiatives to investigate, discover and develop distributed ledger era.
Still, few would have expected the Dubai authorities to start a sweeping directive to enforce blockchain technology. Even fewer could have foreseen any situation in which a central authority began a essential shift to transport all its official records to the technology powering bitcoin.
In a significant endorsement of blockchain technology, the underlying innovation of bitcoin, the Dubai government will see of its documents
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