Dubai to Use Blockchain Technology for All Government Documents

Dubai to Use Blockchain Technology for All Government Documents

Dubai to Use Blockchain Technology for All Government Documents

The Dubai government is seeking to position the emirate as a leader in blockchain technology

Dubai has announced plans to use blockchain, the database technology behind crypto currency Bitcoin, for all government documents by Y2020.

Dubai Media Office said in a tweet the strategy was launched earlier today by Crown Prince of Dubai and chairman of Dubai Executive Council Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

Blockchain was originally designed as the distributed database list system behind Bitcoin. It is intended to record every transaction using the currency that ever occurred in a tamper and revision proof record

In recent years fintech firms have been exploring its use in other database systems.

Dubai itself has sought to position itself at the forefront of the technology.

In May, several government bodies announced that would explore the technology’s use in areas including healthcare, wills and diamond transactions

By Robert Anderson

Paul Ebeling, Editor

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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