Smart Dubai and IBM team up to launch blockchain platfom-as-a-service
The service seeks to digitise government processes and citizen services in the UAE
Smart Dubai has launched a blockchain platform as-a-service to digitise government processes and citizen services.
The Dubai Blockchain Platform is delivered through an IBM Cloud environment and built locally in the UAE. It will be powered by IBM's mainframe technology, LinuxONE, which is capable of running more than 6.2 billion web transactions per day.
Dubai has been leading efforts to encourage the use of blockchain, with a vision to make the emirate a paperless government by 2021. As part of the Dubai Blockchain Strategy, for which IBM is the official Blockchain Strategic Partner, Dubai 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.
Her Excellency Dr. Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office (SDO), said, “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 we are launching today with IBM – who bring a wealth of insight and expertise in the advanced tech industries – drives us forward in our mission and allows us to power all blockchain applications in the city from one united portal.”
The platform will conform to the Information Security Regulation (ISR) standards issued by the Dubai Government. Organisations will be able to keep their data in-country and conduct transactions locally, and in turn, lower operational costs.
The Dubai Pay Blockchain Settlement and Reconciliation System, officially launched on 23rd September, 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.
H.E. Wesam Lootah, CEO of the Smart Dubai Government Establishment (SDG), said, “Blockchain is steadily moving towards becoming a multibillion market by 2019 and we, at Smart Dubai, have successfully embedded the technology in numerous services, the latest of which was the advanced ‘Dubai Pay Blockchain Settlement and Reconciliation System’, which eliminates friction from financial processes between government entities through automation and minimal human intervention. And with the launch of the Dubai Blockchain Platform today, we will be one step closer to implementing Blockchain-powered services and experiences into citizens’ day-to-day lives,” H.E. Lootah concluded.
“In the past few years, technologies such as blockchain have moved up on the agenda in Dubai. Today, proof of concepts are bypassed and organisations are moving into full-scale production,” Amr Refaat, general manager, IBM Middle East and Pakistan. “Blockchain provides an added layer of trust and transparency among government organizations and businesses and helps make collaboration more efficient. The new IBM Blockchain-based service will enable organizations to keep their data in-country and conduct transactions locally. It also conforms to Dubai Government’s Information Security Regulation standards.”
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.