Blockchain technology is growing beyond mainstream banking and financial sectors. As forecasted, the distributed ledger technology is now being adopted by the governments as well. Leading the initiative is the Government of United Arab Emirates, particularly Dubai.
According to reports, the financial capital of UAE, Dubai will soon be using blockchain technology for all government documents. The implementation is expected to be completed by the year 2020.
The government’s initiative, launched by the Crowd Prince and the Chairman of Dubai Executive Council, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, was announced by the Dubai Media Office. The cross cultured metropolitan has become an emerging destination for blockchain technology implementation. The Emirate also played host to the Blockchain Technology Conference held earlier this year.
In the conference, the use of blockchain technology in finance and beyond were discussed extensively.
Many companies and government offices are part of the Global Blockchain Council. The members of the council include Smart Dubai, Dubai Smart Government, Dubai Multi Commodities Center (DMCC), BitOasis, Cisco, IBM, Kraken, Microsoft and SAP among others. Even DU, the leading telecom