Dubai Will Be A World's Capital City

Dubai Will Be A World's Capital City

Dubai got a new title - "Smart City 2017". The award was received at the Global Smart City Awards. The annual rating in Barcelona is already the 7th in a row. The main task : to recognize innovative ideas, as well as implemented initiatives of numerous projects in the field of innovation.

Sheikh Hamdan (crowned prince) last year launched his own strategy - Dubai Blockchain. In fact, the city development plan was very serious. There was a desire to develop a government based on the help of a detachment.

Our top trading bots

The local authority of Dubai very much hopes that the decentralized technology, which lies within the framework of the blockade, will help get rid of numerous hacker attacks that will increase the efficiency of the system as a whole.

As explained by Smart Dubai CEO Aisha Bint Buti bin Bischer at the Unlock Blockchain Forum:

The applications are in various fields, some of them are in RTA, road and transport, some of them are in energy, health and education. These 20-use cases are under pilot, and we are looking forward to see the results so we can scale it.

The city will receive new economic opportunities. Think for the next year can become a global technological leader in the whole world!

How does the development strategy work?

To do this, we consider three most important questions:

  • The efficiency of the government as a whole. All documentation of the city government must be turned into digital format. Thus, there will be a significant saving in monetary + raw materials resources. Documentation processing is much faster;
  • Continuation of the development of a separate industry that will allow people to create their own enterprise together;
  • The opening of the blockchain-platform in Dubai will significantly improve the level of comfort for every tourist in the city, as well as its security.

The award received is nothing but Dubai's total dominance in the blockchain market. This is the world capital of the blockchain, which continues to progress, to introduce innovative technologies.

Information Source: Bitcoinist

Bitcoin price hits $32K but derivatives metrics still show signs of weakness
There's no doubt that the last couple of months have been bearish for Bitcoin (BTC), but throughout this entire period, derivatives indicators have been...
Bitcoin price hits $41K, then rejects after sellers defend the 200-MA
The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily close above...
Austrian Post combines NFT and NFC tech for digital postage stamp
Oesterreichische Post AG — Austria’s postal service — is set to adopt even more digital technology protocols for its nonfungible token (NFT) postage stamps.In...
Inflation winds stiffen as Bitcoin ballast on balance sheets proves its value
As corporate finance leaders prepare to set sail into the post-COVID-19 world amid inflation storm warnings, an increasing number of corporations are taking...
Goldman Sachs exec reportedly quits job after making Dogecoin fortune
A senior manager at banking giant Goldman Sachs in London has reportedly left the company after making a fortune on meme-based cryptocurrency Dogecoin (DOGE).Aziz...
Will crypto and blockchain shape the future of finance? Experts answer
This is Part Two of a multipart series on blockchain and crypto in China. Read Part One about the digital yuan here. When Satoshi Nakamoto introduced the...
Coinbase allocating 10% to innovation plays
United States cryptocurrency exchange Coinbase has announced a new project aimed at increasing innovation in the nascent blockchain industry. Project 10...
Mati Greenspan warns SEC's latest action could threaten future of all cryptocurrencies
Quantum Economics founder Mati Greenspan has warned the SEC’s latest action against decentralized content platform LBRY could threaten the future of all...
Ethereum Improvement Proposal 1559: Is the squeeze worth the juice?
Ethereum Improvement Proposal 1559, set to be bundled together with the “London” upgrade in July, has caused as much excitement as fear and panic. On the...
Theta token price sinks 25% overnight after mainnet delay
After recording new all-time highs all throughout 2021, the value of Theta (THETA) dropped 25% in less than 24 hours leading into March 25, following news...
Venezuela Launched Its Own Cryptocurrency
On February 20, Venezuelan President Nicolas Maduro announced the beginning of the presale of the national cryptocurrency El Petro, which, he said, will...
Stock & Crypto Markets Plummeting Down. Any Correlation?
Within the past days, both stock and crypto markets have been heading downwards. Both of them started showing some drastic trends on Friday, February 2...
How Etherbanking Is Going To Change The Banking System
Taking an advantage from the Ethereum blockchain, the banking app Etherbanking is to wind up unwanted costs in the classical financial world. How does...
Why Banks Should be Scared of Bitcoin
On December 15, Bitcoin hit a new record as it reached almost $18,000 on the Bitstamp exchange. At the same time, total market capitalization of all Bitcoins...
Bitcoin’s Role on the DarkNet
The history of Bitcoin, despite the young age, is very rich in events and accidents – as well as any processes involving big money. This new technology,...