Dubai Economy Moves to Unified Business Registry on the Blockchain Platform

Asia Blockchain Review
October 20, 2019
Dubai Economy Moves to Unified Business Registry on the Blockchain Platform

Dubai Economy has revealed it is moving to a Unified Business Registry Platform (UBRP) hosted on the Blockchain Platform as a Service (BPaaS) of Dubai Pulse.

Dubai Embarks on a Digital Transformation

According to Saudi Gazette, the BPaaS network is a blockchain platform that allows license issuers to manage trade licenses and corporate registries. 

Currently, three entities have already joined the UBRP, the Dubai Silicon Oasis Authority (DSOA), Dubai Electricity and Water Authority (DEWA) and Dubai Multi Commodities Centre (DMCC), with the BPaaS targeting to add nearly another 40 government agencies to the system. 

Abdullah Hassan, CEO of the Corporate Support Services sector in Dubai Economy, said the move is another step for Dubai’s digital transformation. He added:

“With the Unified Business Registry Platform […] we are proud to be in the forefront of Dubai’s march to being the world’s first blockchain powered government. At Dubai Economy, we are always looking to our partners for smart solutions that will simplify, secure, and streamline the future government leading up to the UAE Vision 2021.”

Hosting a Blockchain Platform on Dubai Pulse

Meanwhile, government agencies have expressed their determination to drive Dubai forward with technologies such as blockchain.

Badr Buhannad, Executive Vice President Strategy, Business Services & RM at DSOA, said DSOA is “highly regarded” for its role as a test bed for disruptive technologies, especially in the fields of AI, blockchain and smart cities. 

“In 2018, it was the first free zone to implement UBRP in collaboration with Dubai Economy,” he said. “Today, we are pleased to see this project elevated to the next level through its integration with Dubai Pulse.” 


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    CoinGecko’s 2019 Snapshot of Stablecoin Performance
    CoinGecko, one of the world’s leading cryptocurrency data aggregators, shared their overview on the ...

    January 14, 2020

    Anti-counterfeiting Blockchain-Startup LuxTag Secures 89% of Capital Raise Within First 4 Days
    XEM and Bitcoin pour into the top equity-crowdfunding platform to facilitate raise for enterprise bl...

    January 9, 2020

    The Blockchain Train 2019
    The Blockchain Train is a free public awareness event inspired and founded by Azrai, focusing on spr...

    January 8, 2020

    Progressive Approach to Embracing Digital Finance is Key to Labuan IBFC’s Growth in Financial Innovation
    Labuan International Business and Financial Centre (Labuan IBFC), Malaysia, through our internationa...

    December 14, 2019

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us