Smart Dubai launches 2nd round of Global Blockchain

Smart Dubai launches 2nd round of Global Blockchain

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DUBAI- The Smart Dubai Office, SDO, is once again partnering with global innovation network Union to organise the second round of the Global Blockchain Challenge.

The competition seeks to source strong and innovative Blockchain start-ups from around the world to contribute to the implementation of the Dubai Blockchain Strategy 2020 which was announced in October 2016 by the Smart Dubai Office and the Dubai Future Foundation with an objective to make Dubai the first Blockchain-powered city by 2020.

The deadline for submissions has been set for March 19, 2018, and selected start-ups would be announced by April 5. The shortlisted teams will be invited to come to Dubai on May 1 and begin training with Union.

The final Blockchain Challenge Presentation and Awarding Ceremony are scheduled to take place on May 3rd, 2018. Dr. Aisha bint Butti bin Bishr, SDO Director-General said, “Dubai has made great headway in creating a local and thriving industry around Blockchain by attracting start-ups and companies from around the world to pilot and implement their ideas in Dubai and become catalysts for the achievement of the Dubai Blockchain Strategy launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. “Our main objective at Smart Dubai is not technology itself, but rather its potential to improve people’s lives. Our vision is to build a smart city centred around the happiness of its citizens. Blockchain technology facilitates transactions for people, saving them time and effort, and bringing us closer to making Dubai the smartest and happiest city in the world,” Dr. Aisha added.

Wesam Lootah, CEO of the Smart Dubai Government Establishment, noted that “The Global Blockchain Challenge allows us to offer a roadmap to the endless opportunities that this technology can offer, and to give the world a glimpse into the immense potential this technology has to improve human life.