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Dubai and IBM launch blockchain platform

IBM is an official partner of the Dubai Blockchain Strategy and the system will act as a stepping stone for organisations to fully transition to blockchain

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The platform will enable organisations to benefit from keeping their data in-country
The platform will enable organisations to benefit from keeping their data in-country

Smart Dubai and IBM are launching the Dubai Blockchain Platform, the first government-endorsed blockchain platform as-a-service in the United Arab Emirates (UAE).

 

Dubai’s vision is to make the emirate a paperless government by 2021. IBM is the official strategic partner of the Dubai Blockchain Strategy, which has seen the launch of various blockchain applications in a number of government entities across different sectors, including roads and transport, energy, healthcare and education.

 

Enterprise-ready platform

 

Built locally in the UAE, the enterprise-ready platform is designed to act as a stepping stone for organisations in the UAE and globally to shift their blockchain testing and development into full-production. It will also transform and digitise applicable government processes and citizen services.

 

The platform is delivered through an IBM cloud environment and powered by IBM’s mainframe technology, LinuxONE, which is capable of running more than 6.2 billion web transactions per day.

 

The platform will help integrate digitised services and experiences run on IBM blockchain into citizens’ day-to-day lives. Organisations will also benefit from keeping their data in-country and conducting transactions locally, and in turn, lower operational costs.

 

The platform will conform to the Information Security Regulation (ISR) standards issued by the Dubai Government, to ensure the appropriate level of confidentiality, integrity and availability of information assets.

“The Dubai Blockchain Strategy set a clear path for the emirate to have the world’s first fully digitised government by 2021”

The Dubai Pay Blockchain Settlement and Reconciliation System will be one of the first projects to migrate onto the Dubai Blockchain Platform. Through this service, a process that used to take entities approximately 45 days to reconcile and settle payments with other government entities, banks and financial institutions, is now reduced to real-time. It aims to eliminate friction from financial processes between government entities through automation and minimal human intervention.

 

“Dubai has been a pioneer in blockchain technology since its inception, while other major cities around the world were reluctant to embrace it for city-wide implementation,” said Dr Aisha Bint Butti Bin Bishr, director general of the Smart Dubai Office (SDO). “The Dubai Blockchain Strategy set a clear path for the emirate to have the world’s first fully digitised government by 2021.

 

The Dubai Blockchain Platform drives us forward in our mission and allows us to power all blockchain applications in the city from one united portal.”

 

Wesam Lootah, CEO of the Smart Dubai Government establishment (SDG), said: “As Dubai persists on its path to becoming a world leader in the industries of the future, blockchain technology will occupy an increasingly significant status in governments’ and organisations’ day-to-day undertakings, as well as in individuals’ everyday lives.”

 

Through the collaboration with IBM, Smart Dubai aims to run all applicable government transactions on blockchain and make Dubai a global benchmark for city-wide blockchain implementation.

 

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