The Smart Dubai Office has won the Dubai Blockchain Strategy award by beating other 308 other projects from 58 countries. The award was announced at the Smart Cities Expo and World Congress in Barcelona.
The Smart Dubai Office (SDO) picked up the City Project last week, gaining acclaim as “the most innovative and successful” project that is already being implemented or developed in a designated urban area. The SDO also showcased blockchain solutions to improve governance models as well as emphasizing the role of data in Dubai’s smart city initiative during the event.
The Dubai Blockchain Strategy, which was launched last year, aims to execute all of its transactions and place all its documents on a blockchain by the year 2020. The strategy has been possible because of Dubai government’s aggressive blockchain-forward stance that was first revealed in February 2016. Dubai intends to become the world’s first city that runs on blockchain technology.
The Smart Dubai Government Establishment chief executive Wesam Lootah has also revealed concentrated effort that seeks to outline international standards for blockchain applicability in government.
Other related initiatives in the city-state include a citywide blockchain payments system approved by the Dubai government earlier in April, placing its entire land registry on a blockchain in the coming years and switching to digital passports using blockchain tech at the Dubai international airport.
Lootah said the award is a “great honour” and a “testament” to the emirate’s embrace of blockchain technology. He added that they want to go much beyond simply applying blockchain technology to operations and want to come up with international standards for blockchain technology in governments.