When we think about Dubai , we expect Arab billionaire and millionaire lifestyles, 5-star hotels, and awesome skyscrapers. However along with all this, Dubai is also working pushing itself at the first position in blockchain-powered city within next 2 years.
Dr. Aisha Bint Butti Bin Bishr – The Director General of Smart Dubai, believes that city is in prime position to ascertain itself as a blockchain and crypto hub that might become a fully-integrated blockchain smart town within the upcoming next few years.
Dubai’s Smart City Based On Blockchain
Smart Dubai are the facilitator of the Global Blockchain Challenge, that is a blockchain-related competition focusing to find the foremost innovative ‘blockchain startups‘ from across the globe and to galvanize them to operate in [Dubai].
Dr. Aisha Bint Butti Bin Bishr had very optimistic words to mention in reference to Dubai’s potential for ‘crypto-related businesses‘:
“Dubai has established itself, and in record time, as a world-wide destination for innovators and entrepreneurs within the Blockchain ecosystem. Inspired by the vision of our leadership, the emirate has become similar with courageously griping avant-garde technologies and utilizing them to form a sophisticated, connected and seamless urban expertise for its residents and guests.”
Attracting a number of the most recent and most innovative blockchain startups to Dubai is a component of the larger set-up known as the [Dubai Blockchain Strategy 2020].
The set-up plan was first revealed by Smart Dubai along with the Dubai’s ‘Future Foundation‘ earlier this year and is adamant on creating Dubai as the primary ever blockchain-powered town by 2020.
What Arriving Next?
The next spherical of the Global Blockchain Challenge will be conducted at the Future Blockchain Summit on Apr 2-3, 2019, at the Dubai’s World Trade Center. The competition is a joint collaboration between Smart Dubai and DFA [Dubai Future Accelerators], that is an initiative of the DFF [Dubai Future Foundation].
Successful blockchain-based startups who qualify the preliminary stages of the competition would be invited to train in [Dubai] with the DFA and would also receive an introduction to the UAE culture. The 3 winners of the competition will also get the chance to sell and implement their product and services in Dubai. The winner of the competition will receive a cash price of $20,000 USD, second and third place winners will receive cash prices of $15,000 USD and $10,000 USD respectively.
The 2018 Future [Dubai Blockchain Summit] attracted over 8,000 attendees, 130 crypto-related startups and over hundred and forty speakers, and this year’s event guarantees even more.