The Smart Dubai Office has reportedly received an award for its Dubai Blockchain Strategy at the Smart City Expo and World Congress in Barcelona.
The Smart Dubai Office has reportedly received an award for its Dubai Blockchain Strategy at the Smart City Expo and World Congress in Barcelona that took place from November 14 to November 16, 2017.
The project named “Dubai Blockchain Initiative: The First Smart City on the Blockchain” competed with about 309 other initiatives coming from 58 countries.
According to the organizers, the city of Dubai received the award due to their efforts towards the implementation of blockchain technology in applicable government services. Moreover, the city of Dubai was praised for supporting the creation of a blockchain industry that empowers start-ups and businesses.
The World Smart City Awards represents an initiative that seeks to reward pioneering projects, ideas and strategies, promoting sustainable urban development around the world. The goal of the event is to collectivize urban power, while increasing the strength of cities and identifying new business opportunities.
“The world is becoming even more interdependent and cities must act together across borders to deal with similar challenges: population growth, climate change, traffic congestion and pollution, lack of adequate and affordable housing, education and health, the integration of refugees and migrants into urban life, among many other pressing issues”, as the organizers wrote in a statement.
Therefore, the event strives to create an innovative platform for common urban action – a place, where governments, companies, research centers, and entrepreneurs gather together to look for solutions.
Commenting on the award, Smart Dubai Government Establishment chief executive, Wesam Lootah, told the Gulf Today:
“We are confident that our experience will inspire cities around the world and bring forth new opportunities to implement Blockchain in all walks of life.”
Other similar projects launched in Dubai include implementing a citywide payments platform based on blockchain technology, as well transferring its entire registry on a distributed ledger. These initiatives are part of “Dubai`s Blockchain Strategy” launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai.