The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment5 hours ago
The market value of blockchain technologies in Dubai is projected to continue to grow in the coming years from Dh35 million in 2018 to Dh437 million in the next five years, accounting for nearly one per cent of global market value.
Data shared by Smart Dubai revealed that the global market value of blockchain will increase from Dh3.23 billion in 2018 to Dh48.9 billion by 2025. Dubai's blockchain market grew by 24 per cent in 2018, surpassing the global average of 19 per cent. Out of 8,000 global blockchain companies, 114, or 1.4 per cent, of them are based in Dubai, Smart Dubai executives said, while revealing the achievements of the Dubai Blockchain Strategy 2020 during a press briefing on Sunday.
In October 2016, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, announced that Dubai will be powered through Dubai blockchain strategy.
"We accomplished what we promised of building a holistic blockchain ecosystem in Dubai. We have been working with government and private sector partners to identify a series of use cases across multiple sectors. Blockchain cannot solve everything and we need to be wise in selecting these use cases. That is what we have done here," said Dr. Aisha Bint Butti Bin Bishr, director-general of the Smart Dubai Department.
Around 24 use cases across eight sectors are under implementation.
"We look forward to multiplying our smart city transformation efforts this year, powering forward with more dedication as we mark the Year of Preparation for the UAE's 50th Anniversary '2020: Towards the Next 50'," she said.
Furthermore, the shared Dubai Blockchain Platform was launched in partnership with IBM to allow government entities to develop use cases without investing in individual infrastructure.
- waheedabbas@khaleejtimes.com
The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment5 hours ago
The students' demands range from a ceasefire in Israel's war with Hamas to calls for universities to stop investing in Israeli enterprises
world5 hours ago
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
cricket5 hours ago
Saudi Arabia has begun to explore extracting lithium from sea water
business6 hours ago
Speaking after meeting Lebanese leaders, French foreign minister says there had been "a lot of progress" over the French proposals
mena6 hours ago
The three-shot winner from Japan says he is aiming to become a member of the PGA Tour in the future
sports6 hours ago
Big-hitting Nienaber falters at the finish to settle for secondwhile former Abu Dhabi resident David Horsey takes the third spot at Saadiyat Beach Golf Club
sports6 hours ago
The UAE is India's second-largest export destination after the US
economy6 hours ago