The Smart Dubai initiative, a campaign of the Dubai city government, has teamed up with global tech powerhouse IBM on a new blockchain. The platform is to facilitate local commerce, development of domestic blockchain projects, and bureaucratic digitization efforts. Also see: Hear, Hear! Cryptoverse Celebrates Bitcoin Whitepaper's First Decade Striving to actualize a paper-free local government by 2021, Smart Dubai and American multinational IBM have announced their collaboration on the Dubai Blockchain Platform, a distributed ledger that will leverage the IBM Cloud. The blockchain-as-a-service system will reportedly be deployed for the purposes of modernizing and digitizing both private commerce and public bureaucracy in Dubai, the capital of the United Arab Emirates. "Blockchain is steadily moving towards becoming a multibillion market by 2019 and we, at Smart Dubai, have successfully embedded the technology in numerous services, the latest of which was the advanced'Dubai Pay Blockchain Settlement and Reconciliation System,'" noted Wesam Lootah, chief executive officer at Smart Dubai.
HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Dubai Roads and Transport Authority (RTA), and Chairman of the Dubai World Congress for Self-Driving Transport, announced that the participation in the Dubai World Challenge for Self-Driving Transport had exceeded the target by 30%, by the end of registration phase. Applications were submitted by companies, universities, colleges and institutions from all over the world in the challenge, which is the first and the most sophisticated of its kind worldwide. As most, similar competitions only focus on local suppliers on a smaller scale. The Dubai World Challenge for Self-Driving Transport will be the biggest global platform for companies, universities and Research & Development Centers in carrying out self-driving transport scenarios and introducing self-driving technologies to Dubai roads. Al Tayer made this statement during a press conference held to announce the finalists of the Challenge.
A network of tubes whisking passengers across a country at close to the speed of sound may seem like a sci-fi pipe dream, but in the already futuristic city of Dubai it would fit right in. The city-state just hosted a two-day competition for designs related to a high-speed system known as a hyperloop, in which levitating pods powered by electricity and magnetism would hurtle through low-friction pipes at a top speed of 1,220 kph (760 mph). The idea, first proposed by Tesla co-founder Elon Musk in 2013, is still being tested. But Dubai has already partnered with Los Angeles-based Hyperloop One to examine possible lines going to the United Arab Emirates' capital, Abu Dhabi, and elsewhere. At a presentation Tuesday, Hyperloop One suggested such a network could include an undersea tunnel connecting Abu Dhabi to Doha, Qatar, with a trip time of just under 22 minutes.
Dubai, UAE: The Dubai Chamber of Commerce and Industry has announced April 9th 2018 as the deadline for receiving applications for the third edition of the Dubai Smartpreneur Competition, which was launched recently in cooperation with the Smart Dubai Office. This year, the competition is seeking business ideas in three categories, namely – Blockchain, Artificial Intelligence and Digital Transformation. Entries will be evaluated by a panel of expert judges who will select the submissions offering the most potential. The Dubai Smartpreneur Competition falls in line with Dubai Chamber's comprehensive strategy that aims to nurture and develop Dubai's entrepreneurial eco-system. Launched as an initiative of Dubai Chamber in 2016, Dubai Startup Hub is an interactive platform that connects startups, entrepreneurs, developers, venture capitalists and students, enabling them to learn about new opportunities and create new partnerships that stimulate economic growth.