Dubai Will Be A World's Capital City

Dubai Will Be A World's Capital City

Dubai got a new title - "Smart City 2017". The award was received at the Global Smart City Awards. The annual rating in Barcelona is already the 7th in a row. The main task : to recognize innovative ideas, as well as implemented initiatives of numerous projects in the field of innovation.

Sheikh Hamdan (crowned prince) last year launched his own strategy - Dubai Blockchain. In fact, the city development plan was very serious. There was a desire to develop a government based on the help of a detachment.

Our top trading bots

The local authority of Dubai very much hopes that the decentralized technology, which lies within the framework of the blockade, will help get rid of numerous hacker attacks that will increase the efficiency of the system as a whole.

As explained by Smart Dubai CEO Aisha Bint Buti bin Bischer at the Unlock Blockchain Forum:

The applications are in various fields, some of them are in RTA, road and transport, some of them are in energy, health and education. These 20-use cases are under pilot, and we are looking forward to see the results so we can scale it.

The city will receive new economic opportunities. Think for the next year can become a global technological leader in the whole world!

How does the development strategy work?

To do this, we consider three most important questions:

  • The efficiency of the government as a whole. All documentation of the city government must be turned into digital format. Thus, there will be a significant saving in monetary + raw materials resources. Documentation processing is much faster;
  • Continuation of the development of a separate industry that will allow people to create their own enterprise together;
  • The opening of the blockchain-platform in Dubai will significantly improve the level of comfort for every tourist in the city, as well as its security.

The award received is nothing but Dubai's total dominance in the blockchain market. This is the world capital of the blockchain, which continues to progress, to introduce innovative technologies.

Information Source: Bitcoinist

Bitcoin falls again, last down 4%
(Reuters) -Bitcoin dropped again on Saturday and was last down around 4% for the day, hovering around the $35,000 level.Bitcoin, the world's biggest and...
Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows
The Bitcoin (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is.As...
Volcanos, Bitcoin and remittances: A Tongan lord plans for financial security
A former member of the Tongan Parliament is behind a proposal to make Bitcoin (BTC) legal tender in the tiny Pacific nation of Tonga, following in the footsteps...
From eNaira to eHryvnia, a Caribbean fintech develops CBDCs around the world
Barbados, a paradise island in the West Indies, is known for its azure beaches, tidal waves, shipwrecks, homegrown grown Barbadian hospitality and, more...
Venezuelans promised Axie Infinity scholarships for crypto training courses
A gubernatorial candidate from Venezuela has promised to offer scholarships for citizens interested to join the Technical Training Center for Mining and...
Building multichain is a new necessity for DeFi products
At present, your DeFi product needs to be multichain to be competitive — this is the hard (and exciting) truth of 2021. Whether you’re building a wallet,...
Nifty News: FTX and Wildcats' basketball NFTs, WeMeta’s $1.1M funding, Zed Run’s Netflix tie-in
FTX's latest sports sponsorshipThe University of Kentucky has entered into a sponsorship agreement with FTX.US for the men’s Wildcats basketball team to...
ShapeShift open-sources its upcoming version 2 platform code
As part of its ongoing decentralization efforts, non-custodial cryptocurrency exchange ShapeShift announced Thursday that it has open-sourced the code of...
Bug in Ethereum client leads to split — EVM-compatible chains at risk
A major consensus bug has affected more than half the Ethereum network’s nodes, causing those running older versions of Geth to split from the main network.According...
Crypto staking rewards and their unfair taxation in the US
The United States Internal Revenue Service (IRS) stretches the tax rules to fit its cryptocurrency agenda. At no time in tax history has pure creation been...
Shiba Inu (SHIB) DEX ShibaSwap surpasses $1B TVL 24-hours after launch
Dogecoin (DOGE) has proven to the world that even a project that started as a joke can gain value and notoriety in the cryptocurrency space. This phenomenon...
$1.3M worth of BTC donated to Bitcoin-hodling charity in less than 3 weeks
New York-based non-profit, Charity: water, has received more than $1 million in BTC donations to its Bitcoin Water Trust within three weeks of the trust's...
IBM contributes blockchain platform code to Hyperledger to drive enterprise blockchain adoption
The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain...
Ethereum breaks away: Several factors power ETH all-time high push
After a recent slump across cryptocurrency markets, Ether has surged to new all-time highs off the back of a number of important events and metrics. Overall,...
Norwegian authorities urge crypto users to declare earnings on upcoming return
The Norwegian Tax Administration has issued a warning to crypto traders in advance of Norway's April 30 deadline to file tax returns.According to a notice...