Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Not London, Paris or Los Angeles – Dubai Makes Mega Push for World’s Smartest City

by Daily Hodl Staff
March 27, 2018
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Headlines and initiatives about smart city projects in Dubai read like an avalanche with news of the world’s first driverless pods, robocops and how municipal waste will soon power homes and buidlings. Dubai, the largest and most populous city in The United Arab Emirates (UAE), wants to transform its government by the year 2020, making it the first “smart” government in the world.

The 2020 smart city vision would mean the end of bureaucratic paper pushing. The UAE plans to implement smart contracts on the blockchain that would handle bill payments, license renewals, real estate transactions, visa applications and more to reduce carbon emissions, processing times and costs.

Arabian Business reports that Dr. Sohail Munir, an advisor on the Smart Dubai Government initiative, said, “Dubai is one of the fastest evolving cities in the world when it comes to futuristic technologies like AI and machine learning. The government has extended their hand and full support for the immediate and strategic development of AI within the country.”

According to The Smart Dubai Government Shared Services Impact Report, compiled by IBM, that level of support and investment in new technologies has reportedly already saved the government $97 million (AED 358 million) per year since 2003. By fully embracing blockchain strategies, Dubai expects to save $1.4 billion (AED 5.5 billion) per year.

On Monday, Dubai held the first meeting of the UAE Council for AI, where futurists and economists discussed how AI can “increase economic output by 26 per cent, and grow the economy by Dh335 billion ($91 billion).”

In April, Dubai will host the World AI Show.

Here are some highlights from The Impact of Blockchain, Cryptocurrencies and Bitcoin in UAE, a report on the latest advancements:

• Emcredit, a subsidiary of Dubai Economy, and the UK-based Object Tech Group Ltd will work together to develop and implement emCash, an encrypted digital currency operating with blockchain technology, which people can use to pay for various government and non-government services in Dubai.

• The Dubai Land Department (DLD) became the world’s first government entity to adopt blockchain technology. Its database records all real estate contracts including lease registrations, and links them with the Dubai Electricity & Water Authority (DEWA), the telecommunications system, and other property-related bills.

• Cryptocurrencies improving and innovating the system in UAE: ArabianChain, a local cryptocurrency for secure payments and money transfers; Onegramcoin, a sharia-compliant cryptocurrency completely backed by gold; Money Trade Coin, aimed at educating younger generations about the benefits of using and trading digital currencies.

Dubai is scheduled to host the World Blockchain Summit in October 2018.

ADVERTISEMENT


Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,042.00
$49,042.00
4.63%
Ethereum
$1,591.28
$1,591.28
9.48%
Binance Coin
$231.95
$231.95
5.78%
Polkadot
$34.07
$34.07
5.49%
Cardano
$1.14
$1.14
3.61%
XRP
$0.466728
$0.466728
3.41%
ADVERTISEMENT

Spotlight

  • Max Keiser Says Bitcoin Could Rise 300x, Top Crypto Targeting US Dollar Dominance
    March 1, 2021
  • Five Crypto Projects Are Going Mainstream This Month, Says Altcoin Daily’s Austin Arnold
    March 5, 2021
  • Whale Abruptly Sends $400,000,000 in Bitcoin to Coinbase in Massive Crypto Transfer
    February 27, 2021
  • Bitcoin Could Be at Start of Massive Mainstream Transformation: Citi Report
    March 3, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.