UAE Government Endorses Telecoms Blockchain Platform

April 20, 2019

The government of the United Arab Emirates (UAE) has officially endorsed a blockchain platform developed by one of the country’s two telecoms operators, as part of a wider push for blockchain integration, according to a Cointelegraph report.

Du, formerly known as Emirates Integrated Telecommunications Company before being commercially rebranded in 2007, developed its Blockchain-Platform-as-a-Service (BPaaS) to provide cloud-based private blockchain hosting that would be compatible with both the Ethereum and Hyperledger fabric frameworks.

The platform has been approved by Smart Dubai, a government organization responsible for transforming services at the state level by 2021 by leveraging disruptive innovations.

Farid Faraidooni, Deputy CEO of Enterprise Solutions at du, described the Dubai blockchain agenda as “an integral strategy for the city’s future,” adding that the endorsement by Smart Dubai was “an important step towards providing smart solutions that create efficiencies for government transactions,” as it built on BPaaS to support the country’s digital transformation. He also called Du a “key enabler” for the digitization of the government.

The press release came as the UAE hosted a dedicated conference on the role of blockchain in the aviation industry. In March, another conference addressed the issue of crypto assets more directly by indicating the need for supportive regulation.

Smart Dubai also plans to implement technologies such as artificial intelligence (AI) and Internet of Things (IoT) as part of its transformation roadmap, with its CEO Wesam Lootah noting that the city has pioneered blockchain from the start 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.”

Source: cointelegraph.com

 

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
Blockchain Enables Verification of COVID-19 Immunity
Given the virus is not going to disappear in a hurry and we are some time away from vaccinating the ...

November 21, 2020

Illicit Cryptocurrency Activity: A Concern
Market regulators such as SEC has accepted cryptocurrencies as a financial instrument and are consta...

November 20, 2020

IBM Using Blockchain to Help Businesses Reopen during COVID-19
IBM’s healthcare unit, IBM Watson recently announced that they will soon be launching an app to supp...

November 20, 2020

Canadian Pacific Railway Collaborates with TradeLens
Canadian Pacific Railway recently collaborated with TradeLens in a bid to improve its efficacy as an...

November 19, 2020

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