Smart Dubai held the second meeting of the Dubai Blockchain Future Council at its headquarters in Dubai, which was formed by the Dubai Future Foundation as part of the Dubai Future Councils initiative launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. Dubai Chairman of the Executive Board Chairman of the Board of Trustees of the Dubai Future Foundation, at the beginning of this year, in order to develop innovative solutions for strategic sectors and predict their future over the next 50 years.
During the meeting, the Dubai Council for the Future of Blockchain adopted three initiatives for 2019: the Dubai Crypto Report, Dubai's policies to implement blockchain technology, and the Future Outlook on the Blockchain sector in Dubai. The Council endorsed the establishment of working groups for each initiative, as well as the development of precise delivery plans for each.
Dr. Ayesha Bint Butti Bin Bishr, Director General of Smart Dubai, confirmed that Dubai has long shown its full readiness to lead the way in adopting advanced technologies and integrating them with various services and initiatives aimed at improving people's well-being and enhancing Dubai's journey to become happier and smarter. A city on earth.
“Blockchain technology is one of the most promising technologies that have emerged in the global arena in recent years. Dubai has already made remarkable achievements in this area, launching the Dubai Blockchain Strategy and hosting international conferences and events within the same framework. I gathered a group of international experts influenced by blockchain technology. ”
She pointed out that the initiative of «Dubai Council for the future of Blockchain» is a qualitative addition to Dubai's march towards excellence and future leadership in the field of «Block Chain», where the Council is established to make Dubai a global capital for the technology «Block Chain», and serves as a prominent platform that brings together decision makers from different quarters A technology-driven outlook for smart city challenges.
The potential is enormous
Blockchain is one of the most notable achievements of the past few years and has the potential to transform many aspects of everyday life for individuals, organizations and governments into innovative solutions, said Wissam Lootah, Executive Director of Dubai Smart Government. .
"Unlike many countries around the world that were concerned about this technology, the UAE and Dubai in particular embraced the Blockchain technology early in the process of intelligent transformation and achieved many achievements." He added: “We look forward to working with all members of the Council to implement the Blockchain initiatives and accelerate Dubai's transition to an integrated smart city in the future.”
During the meeting, the Dubai Council for the Future of Blockchain adopted three initiatives for 2019, the first of which is the Dubai Crypto Currency Report, which provides a comprehensive study on the status of cryptocurrencies in the emirate and recommendations to strengthen Dubai's status as a prominent sector in this sector. In cooperation with concerned authorities. The report is scheduled to be launched in October and discusses the application of cryptocurrencies to enhance the services and economy of Dubai, taking into account all regulations.
The second initiative is titled 'Dubai Policies for the Application of Blockchain Technology', which was developed on the basis of joint cooperation between the public and private sectors and was reviewed by the international authorities concerned in this field. It outlines the guidelines and policies to be followed when implementing Blockchain applications in Dubai and covers three main areas: Blockchain's institutional capacity, governance and operations. The policies will be launched during the participation of «Dubai Smart» in «Smart Cities Exhibition in Barcelona» next November.
The third initiative discussed at the meeting is a “Future Outlook on the Blockchain Sector in Dubai”, which focuses on a number of prominent sectors in the emirate adopting Blockchain technology. The report predicts what these sectors might look like in the near future. The report will be developed with competent international bodies, including the World Economic Forum's Fourth Industrial Revolution Center.