Smart Dubai is a government and city-led initiative to make Dubai the “smartest and happiest” city in the world. This week saw Dubai’s the government’s payment portal become blockchain-based.
The online payment portal DubaiPay will now use blockchain technology for real-time reconciliation and settlement of transactions. This is another step towards Dubai’s goal of becoming the world’s first blockchain-powered government by 2020.
Dubai’s government is currently working on a total of 20 use cases for blockchain technology to complement its existing operations. Dubai’s government has strategic partnerships with IBM and Consensys as advisors to help them and Smart Dubai further their goals.