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.
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.”
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.”
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