Smart Dubai hosts Dubai Future Council for Blockchain meeting

Smart Dubai hosts Dubai Future Council for Blockchain meeting

By Staff Report

Published: Wed 14 Aug 2019, 6:50 PM

Last updated: Wed 14 Aug 2019, 8:53 PM

Smart Dubai recently hosted the second meeting of the Dubai Future Council for Blockchain at its offices in the Dubai Design District (d3), bringing together local and global decision makers from various government departments and private companies with a vested interest in smart city technologies.
Chaired by Smart Dubai's director general, Dr Aisha Bint Butti Bin Bishr, the council was formed by the Dubai Future Foundation (DFF) and held its inaugural meeting on April 2, 2019. It is part of the 'Dubai Future Councils' initiative, launched at the beginning of 2019 by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Dubai Executive Council, and Chairman of DFF's Board of Trustees, to find innovative solutions for strategic sectors and forecast their future over the next 50 years.
"Dubai has long shown its readiness to lead the way in embracing advanced technologies and embedding them in services and initiatives that improve people's wellbeing and establish Dubai as the world's smartest and happiest city," said Dr Aisha. "Blockchain is one of the most promising technologies to appear on the world stage in recent years and Dubai has already made remarkable accomplishments in the sector, launching a Blockchain strategy and hosting international Blockchain conferences that bring together influential international experts."
At its second meeting, the Dubai Future Council for Blockchain presented and approved three initiatives for 2019, the first of which will be a report on Dubai's Cryptocurrency positioning. The report presents a comprehensive study of the cryptocurrency landscape, offering recommendations to enhance Dubai's position as a prominent centre for this burgeoning sector. Compiled in collaboration with various stakeholders in the UAE and scheduled for an October launch, the report explores cryptocurrency applications to boost the emirate's services and economy taking into consideration all relevant aspects of regulations.
The second initiative is the Dubai Blockchain Implementation Policy - a document that explores guidelines needed to be followed when implementing blockchain applications across Dubai, developed in collaboration with government and private sector entities and counter-reviewed by global stakeholders. The policy is set to be launched at the Smart City Expo in Barcelona in November, covering three main criteria: foundational capabilities on blockchain, governance, and operations.
The third and final initiative is the Future Landscape Report for Blockchain in Dubai, which focuses on a number of prominent sectors in Dubai, forecasting what they could look like in the near future as they embrace Blockchain technology. This report will be developed with global stakeholders including WEF's Fourth Industrial Revolution Centre.

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