Blockchain

  • UAE operator du has always been at the forefront of the country’s technological development with the revolutionary solutions and services that it offers to its customers. Lately, du has been very active in the area of smart cities given the efforts deployed in Dubai to make the city a leading smart city. In this context, it has chosen to take part in the 2nd edition of Smart Cities World Forums’ “Building the SMART Future” conference as the Smart ICT Partner. At the event, we spoke to Jihad Tayara, VP ICT Business Development, EITC, to know more about the operator’s participation in the event.

  • A number of leading financial institutions have expressed fears that cryptocurrencies such as bitcoin could play a potentially disruptive role in the world's financial sector.

  • Blockchain might not be something you've heard of before, but leading governments around the world have certainly taken notice. It's a technology that could revolutionize the way organizations are run. The hidden value of bitcoin, the digital crypto-currency platform, lies in the technology that verifies and tracks transactions by network nodes that record the information in a public distributed ledger called the blockchain, which uses bitcoin as its unit of account. It works without a central repository or single administrator, and many governments have announced plans to adopt the technology to keep track of transactions and simplify processes.

  • Espeo Blockchain, a consulting brand of Espeo Software with 10 years of experience, declared that it has chosen Dubai as its new hub to set up an office, after recognizing the region's growth potential and interest in blockchain technology.

  • Spending on blockchain solutions in the Middle East and Africa (MEA) is set to more than double this year, according to the latest insights from International Data Corporation. The global technology research and consulting firm's recently launched 'Worldwide Semiannual Blockchain Spending Guide' shows spending in the region totaling $80.8 million for 2018, up 107% on the $38.9 million spent in 2017.

  • China has launched a blockchain-based smart cities identification solution, which will assign a unique global ID to smart cities infrastructure. It is expected that the new solution will enable better information sharing and connectivity between smart cities.

  • Global blockchain specialist firm ConsenSys is launching the first cohort of its ConsenSys Academy Developer Program on August 1st, 2017. The ConsenSys Academy Developer Program is a first-of-its-kind, end-to-end blockchain training program. It begins with Phase1, an immersive online module that will kick off with a welcome video from Joseph Lubin, the co-founder of Ethereum and founder of ConsenSys.

  • On Tuesday, the pioneering cryptocurrency platform announced that Enjin’s ENJ Coin has been addedto their Wallet & Card App alongside bitcoin (BTC), ether (ETH), Litecoin (LTC), Binance Coin (BNB) and XRP.

  • District 2020, Chinese investment and incubation company, announced a collaboration with Shanghai-based Atlas Capital Holding as the latest tenant to join its development project.

  • Dubai is fast moving toward achieving its goal of becoming the world's first government to execute all implementable transactions on blockchain by 2020, an international expert on blockchain has said.

  • EITC (du), from Emirates Integrated Telecommunications Company (EITC), will build the first Blockchain Platform as a Service in UAE (BPaaS) in partnership with ConsenSys, the leading blockchain solutions provider and venture production studio building decentralized applications and offering an integrated set of solutions for the Ethereum blockchain ecosystem.

  • Etisalat Digital, in partnership with First Abu Dhabi Bank (FAB) and Avanza Innovations, have developed UAE Trade Connect (UTC), a new nationwide platform that will use the latest disruptive technologies to digitise trade in the UAE. The initial phase will focus on addressing the risks of double financing and invoice fraud before turning to other key areas of trade finance.

  • A number of China's leading technology firms have partnered on a pioneering new smart city initiative that has been created to ensure the smooth integration of emerging technologies designed to transform major cities.

  • HUAWEI CLOUD officially launched its Blockchain Service (BCS) for global use after launching it for commercial use in China on October 10th this year. Now available on the international HUAWEI CLOUD website, the service helps global enterprises and developers create, deploy, and manage blockchain applications quickly and at minimal cost on HUAWEI CLOUD. Its global launch lays the foundations for a distributed global blockchain platform.

  • The IOTA foundation joins the EU’s Blockchain Initiative to interact with regulators and policy makers in the hopes of progressing global standards.

  • Moscow has announced that it will pilot a project which implements blockchain technology into its electronic voting system. The Russian capital will become the first city in the world to implement the emerging technology in e-voting on such a large scale.

  • PwC is one of the leading professional services networks in the world, helping to build trust and solve some of the region's most important problems. The firm works with governments and enterprises in the Middle East to completely transform their business models and embrace digital transformation.

  • Singaporean startup, Limestone Network, has planned to build a smart city in Phnom Penh, Cambodia.

  • Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Avanza Solutions has signed an MOU with Smart Dubai Office to implement a citywide blockchain-based payments platform.

  • WISeKey, a digital information security, authentication and identity management company based in Switzerland has announced that its Internet of Things blockchain technology is set to be deployed in a number of selected 'smart cities' in China.