On Saturday DLD (Dubai land department) moved its records onto blockchain and successfully adopted it.
Now all the real estate contracts and lease registrations are linked with Dubai Electricity & Water Authority (Dewa), the telecommunications system, and various property related bills. Blockchain’s secure, electronic real estate platform incorporates personal tenant databases, including Emirates Identity Cards and the validity of residency visas, and allows tenants to make payments electronically without the need to write cheques or print any papers. The entire process can be completed electronically within a few minutes online, removing the need to visit any government entity.
“Following the launch of the Dubai Blockchain Strategy by Shaikh Hamdan Bin Mohammad, (Crown Prince of Dubai), in October 2016, which aims to make Dubai the first government in the world to apply all transactions through this network by 2020, DLD created a smart and secure database that records all real estate contracts,”
This step makes the Land department the first government entity, to implement all of its services online. The system is simplifying people's lives and integrating services from different providers. This is a major step towards Dubai’s position as the world’s smartest city and achieving the goal to become paperless by 2020.
This is awesome! Blockchain will make a huge difference in Dubai. Looking forward to it.
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This is some great news not only for Dubai but also for the rest of the world. Hopefully other countries will follow soon.
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As always, Dubai is thinking ahead =). They will empower blockchain technology. I like seeing government being very interested in crypto, it shows us that it will get bigger and bigger. We are on the good train =D
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We are, It is good seeing services moving onto blockchain. And I like their goal about moving everything by 2020. It is gonna make a big difference for users.
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Indeed =). When you say "We" you means you from there right?
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Yes :)
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Dubai have a good top manager, great decision, continue...👏
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