Dubai support for blockchain

This is really interesting, because of the sheer concentration of wealth in this part of the world:
https://www.ccn.com/dubai-government-launches-blockchain-business-registry/

“We want to make Dubai the first blockchain-powered government in the world by 2020,” Aisha Bin Bishr, director general of Smart Dubai, the nation’s innovation office, told The Wall Street Journal. “It is disruptive for existing systems, but will help us prepare for the future.”

Watch this space!

I've been to World Blockchain Forum Dubai recently and also heard similar thoughts from the speakers there.
We'll watch how Dubai develop in this direction and actually I advise everyone to visit WBF next year!

Dubai estimates that it will save approximately £1 billion a year using Blockchain for document processing. The emirate plans to use the technology to process everything from visas to real estate contracts has already started with the Land Department announcing that more than 5 million documents have been archived digitally.

However, the predicted saving is not solely financial. Smartdubai.ae, the government’s official portal for the initiative, states that 114 MTons CO2 emissions could be saved thanks to the reduction in the amount of document deliveries that need to be made (via car/motorcycle). In a region that records some of the highest Co2 emissions globally per capita, any amount of reduction is significant.

Dubai is also predicting Blockchain technology will help it grow. For decades, Dubai has been the leader when it comes to attracting global business to the region. Public announcements and initiatives like The Dubai Future Accelerators send a clear message to the world’s technological freethinkers that the UAE is open to ideas and is ready to support those who have them. Dubai anticipates that real estate, fintech, healthcare, banking, energy, and more, will advance due to Blockchain and associated technologies.

@flodner said in Dubai support for blockchain:

I've been to World Blockchain Forum Dubai recently and also heard similar thoughts from the speakers there.
We'll watch how Dubai develop in this direction and actually I advise everyone to visit WBF next year!

The WBF in Dubai sounds like a blast! Do you plan on going next year?

And for everyone else... Any other blockchain conventions that users have been to?

The WBF in Dubai sounds like a blast! Do you plan on going next year?>
And for everyone else... Any other blockchain conventions that users have been to?

Yes, I plan to go, as it was very well organized, especially in terms of networking. Also I was happy that I was able to get accreditation as press, even though our media resource doesn't have yet impressive number of traffic or other criteria.

Apart from this conference, I've been to several conferences in Europe, mostly in Kyiv, Ukraine.

Really good news! Dubai is leading the gulf, and the world, in blockchain and cryptocurrency adoption.

This counts as another coup for blockchain technology, right?

Or would it spur other countries into similar moves?

@Costatrader would this adoption be limited to just record keeping or would there be a token/currency component as well? I did some searches but couldn't find more details. The CCN link contains scanty information.