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Dubai Crown Prince, Sheikh Hamdan, launches Blockchain Strategy, the database technology behind the crypto currency bitcoin

File image. Dubai's Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum rides the metro during the official launch of the Dubai Metro Green Line.

File image. Dubai's Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum rides the metro during the official launch of the Dubai Metro Green Line.

Reuters/Jumana El Heloueh

DUBAI, 5th October, 2016 (WAM) -- The directives of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and his innovative vision to invest in the future, have further boosted Dubai’s global leading position in terms of transforming digital expertise, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Board of Trustee of Dubai Future Foundation, has said.

Dubai has contributed over the last two years to shaping the future of Smart Cities, through increasing efficiency, saving time, cost and efforts for all government services, either for individuals or business, which mainly aims to make people happy and build a future, Sheikh Hamdan noted.

The Crown Prince of Dubai made these remarks while launching Dubai Blockchain Strategy, the database technology behind the crypto currency bitcoin, for all government documents by 2020, as Dubai has sought to position itself at the forefront of the technology, and become the first government to introduce this technology in the world.

The strategy aims to facilitate people’s lives and business, where users will only have to enter their personal data and business data, which will be accessible to all government entities, banks, and insurance firms among others.

"We have directed the Dubai Future Foundation to oversee the strategy and to benefit from the expertise it accumulated through the initiatives of the Global Blockchain Council. We have also directed Dubai Smart City Office to be the executive arm for this new strategy," he said.

Sheikh Hamdan also stressed the importance of public-private partnership to achieve the objectives of this strategy. He praised the partnership between Dubai Future Foundation and Dubai Smart City Office which resulted in this value added strategy.

The Blockchain strategy has three main objectives including government efficiency, create new specialised sectors, and achieve global leadership.

© Copyright Emirates News Agency (WAM) 2016.

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