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Siemens, DEWA partner on revolutionary blockchain strategy for Dubai

by Nicholas Nhede

Dubai Electricity and Water Authority (DEWA) and Siemens have partnered to transform Dubai into the world’s first government to conduct all its applicable transactions via blockchain by 2020.

The goal is to make Dubai the happiest city in the world, according to DEWA.

DEWA and Siemens are implementing a number of strategies to achieve the Dubai government’s digital transformation goals as part of the Dubai Blockchain Strategy.

Strategies include a series of seminars and lectures at DEWA Academy on DEWA Campus for Occupational and Academic Development, internships opportunities, visiting researchers and Projects funding.

The seminars focus on the introduction of blockchain and how to maximise the financing of energy infrastructure projects via crowdfunding.

The seminars are part of the Al Baheth Programme to engage local and international universities in research and development of new technologies.

HE Saeed Mohammed Al Tayer, the CEO of DEWA, said: “DEWA supports the Emirates Blockchain Strategy 2021, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to enhance the efficiency of government performance by transforming 50% of federal government transactions to blockchain by 2021; and the Dubai Blockchain Strategy, launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council of Dubai and Chairman of the Board of Trustees of Dubai Future Foundation, to transform Dubai’s government into the world’s first government to conduct all its applicable transactions by Blockchain by 2020.

“DEWA also keeps pace with the Fourth Industrial Revolution, developing disruptive technologies in energy, water, and investing in Artificial Intelligence technology and applications.

“DEWA has a strategy for digital transactions, and was one of the first government organisations to adopt blockchain technology in a number of services and initiatives, including Green Charger registration for electric vehicles; registering and renewing smart tenancy contracts in collaboration with Wasl Asset Management Group, Dubai Land and the Payment Reconciliation and Settlement system.”