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

in dubai •  7 years ago 

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.

http://mediaoffice.ae/en/media-center/news/7/10/2017/dubai-land-department.aspx

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://www.mediaoffice.ae/en/media-center/news/7/10/2017/dubai-land-department.aspx

Congratulations @yousef81! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Interesting
I will follow you to see your future posts!

Congratulations @yousef81! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!