Dubai Land Department becomes world’s first government entity to conduct all transactions through Blockchain network

Dubai Land Department (DLD) has achieved another technical milestone by becoming the world’s first government entity to adopt Blockchain technology, reflecting the ‘Dubai Blockchain Strategy’ launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees of Dubai Foundation for the Future. The initiative has been developed in cooperation with Smart Dubai and other partners.

At GITEX Technology Week 2017, which will run from 8 to 12 October at the Dubai World Trade Center (DWTC), DLD will launch the initiative, the first-of-its-kind in the global real estate sector, under the slogan ‘Simple, Secure, Fast’.

DLD has created the Blockchain system using a smart and secure database that records all real estate contracts, including lease registrations, and links them with the 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 at any time and from anywhere in the world, removing the need to visit any government entity.

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