February 25, 2024

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Smart Dubai announces winners of the 2nd Smart Dubai Blockchain Challenge

Smart Dubai announces winners of the 2nd Smart Dubai Blockchain Challenge

The Smart Dubai Office
(SDO) has recently
announced
the winners of this year’s global Blockchain Challenge. The announcement
was made at the Blockchain Challenge Presentation and Awarding Ceremony, which
took place at the Future Blockchain Summit.

This year’s Blockchain Challenge attracted 200 applications
from companies in 85 cities across 44 countries. The contest aims to identify
the most promising blockchain solutions from the private sector that can assist
in the implementation of the Dubai Blockchain Strategy.

Announced in October 2016 by SDO and the Dubai Future Foundation, the Dubai
Blockchain strategy
has the objective of transforming Dubai into the first
Government in the world to execute all applicable transactions on the
Blockchain by 2020

Among the 17 finalists, Ireland’s AID Tech came in first, followed
by the UAE’s Smart Crowd and the USA’s Codex. The top 3 winners will receive a
total of US$45,000 for their innovation blockchain solutions presented in the
challenge, supporting the strategy that aims to make Dubai the first
blockchain-powered city within two years. The top 3 winners will also have the
opportunity to network with government stakeholders and potentially develop
their ideas further in Dubai.

The 17 selected proposals covered 16 industries. The
finalists also went through training by a technology startup organisation,
followed by the pitching of their concepts to an audience of government
leaders, investors and experts from private and public institutions.

 “The global
Blockchain Challenge is an important empowerment activity that harnesses the
entrepreneurship skills of the private sector achieve Dubai’s ambition of being
an industry leader in Blockchain and establishing a Blockchain run ecosystem in
the city,” said Her Excellency Dr Aisha Bint Butti Bin Bishr, Director General
of SDO.

According to Mr Wesam Lootah, CEO of the Smart Dubai
Government, startup challenges such as the Smart Dubai Blockchain Challenge is essential
to propel the growth of the blockchain environment in Dubai.

The Dubai Blockchain Strategy revolves around three main
pillars: (1) increasing government efficiency by transferring 100% of
applicable government transactions to blockchain, (2) creating a blockchain
industry and ecosystem and, (3) becoming global leaders in the advancement of
blockchain technology.

In October 2017, the Dubai Land Department (DLD) became the
world’s first government entity to implement all of its transactions through
blockchain technology. DLD has created the Blockchain system using a smart and
secure database that records all real estate contracts, including lease registrations,
and links them with the Dubai Electricity & Water Authority (DEWA), the
telecommunications system, and various property related bills.

In late October, the Dubai Internet of Things (IoT) strategy
was launched,
seeking to build the world’s most advanced Internet of Things (IoT) ecosystem
in the world’s smartest city to improve people’s lives.

Last month, Dubai launched a blockchain-powered
decentralised learning platform
for digital skill development. It also
launched a
blockchain-enabled virtual marketplace Tourism 2.0
that connects potential
buyers directly to hotels and tour operators. 

Just last week, Dubai
unveiled a blockchain-based
corporate registry project
. The project aims to streamline the process
of setting up and operating a business, roll out digital exchange of trade
licenses and related documentation for all business activities, and ensure
regulatory compliance across Dubai’s business ecosystem.

Currently, over 20 government and private sector
blockchain use cases are in the proof of concept (POC) phase, some of these
applications facilitate the renting and buying a property, obtaining
non-objections certificates, managing the lifecycle of a vehicle, licensing
medical institutions and doctors, obtaining e-prescriptions, enrolling and
managing students, and ensuring food safety.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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