The Dubai Land Registry / Land Department is the the government arm responsible for the registration and organization of real estate in the emirate. It is now processing and implementing all real estate transactions on a blockchain, with the ultimate goal to have all Dubai properties recorded on a blockchain within the next 2-3 years.
The transition to a blockchain-based registry will allow investors residing in Dubai and around the world to verify property data that is backed by timestamp signatures thereby enhancing the accuracy of data, the credibility of investment transactions, and the transparency and clarity of the market.
The initiative is a part of the emirate’s wider ‘Dubai Blockchain Strategy’, which aims to record and process 100% of all documents and transactions on a blockchain by 2020.
DUBAI BLOCKCHAIN STRATEGY
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The Dubai Blockchain Strategy, launched by His Highness Sheikh Hamdan, is a result of a collaboration between the Smart Dubai Office and the Dubai Future Foundation to continually explore and evaluate the latest technology innovations that demonstrate an opportunity to deliver more seamless, safe, efficient, and impactful city experiences.
Blockchain technology is a new, powerful tool that is already shaping the future of the Internet with simple, safe and secure transactions. The Dubai Blockchain Strategy will help Dubai achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, to create the future of Dubai, and make Dubai the happiest city on earth.
New Wave of Economic Opportunity & Digital Innovation
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The Dubai Blockchain strategy will usher in economic opportunity for all sectors in the city, and cement Dubai’s reputation as a global technology leader, in line with Smart Dubai’s mandate to become global leader in the smart economy, fuelling entrepreneurship and global competitiveness.
http://www.smartdubai.ae/dubai_blockchain.php
Thanks for reading, have a nice day.
My Philosophy In Daily Life & Travels:
I have always tried to be kind to people every day, as part of my life Philosophy, since I have always believed we can achieve more TOGETHER.
My path to Crypto is with you guys and we are on the path to Liberty.
We are all early adopters here, if you are even close to reading this today.
Be encouraged.
If you online search my name + PIZZA -- you will see my deep love of the pie as I seek to eat it, wherever I am, or whatever I am doing.
Life Goals:
-- Get Paid to Travel and Blog about Pizza & Those Travels.
-- Buy a Pizza Store.
-- Become Crypto Currency Independent and Love Liberty and Life!
-- Continue to Hold and Sell Real Estate as I have done for clients since 1991.
Don't let anyone tell you twins are a problem ever!!!!!
FUD or no FUD!!!
If you liked this blog post - please Resteem it and share good content with others!
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If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
