Smart Dubai is exploring blockchain use cases across a variety of areas as part of its goal to make Dubai the happiest and most innovative city on the planet
Blockchain is a novel technology that can remove market inefficiencies and spur economic growth when applied to existing businesses or industries, says Kokila Alagh, founder of Karm Legal Consultants.
Speaking to Khaleej Times on the sidelines of the Gitex Global 2021 exhibition in Dubai, she explained that all the industries stand to benefit from blockchain technology. “Blockchain can empower smart cities as it enables information sharing without the need for a single administrator and a single point of failure. Blockchain allows network members to share data with a high degree of dependability and transparency. Cities have a diverse set of stakeholders, and data sharing among them is critical for providing high-quality urban services.”
For this data exchange, blockchain is anticipated to be utilised. Smart Dubai, for example, is exploring blockchain use cases across a variety of areas, including banking, education, and transportation, as part of its goal to make Dubai the happiest and most innovative city on the planet. In another use case, a program is underway to use blockchain to simplify registration processes for students travelling between different emirates.
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