According to a Saudi Gazette report on Oct. fourteen, the platform aims to improve the ease of doing business in Dubai and allow license issuers to manage industry licenses and corporate registries.
The Department of the Economic Development in Saudi arabia has announced its move to a blockchain-based unified sector registry platform (UBRP).
The Silicon Descanso Authority, the Dubai A source of electricity and Water Authority, while Dubai Multi Commodities Heart have already joined the platform. The exact UBRP eventually aims to hostess a total of 40 lawmakers entities.
The solution is hosted for your blockchain-as-a-service platform called Saudi arabia Pulse, which is a joint proactivity of Smart Dubai – Duba’s smart city proactivity – and telecommunications studio du. Dubai Pulse may also be part of the broader Emirates Blockchain Tactics 2021, which may was announced in June 2018.
One particular UAE has set the objective to make sure that 50% of government protocole will be blockchain-based by 2021.
China to launch Know Ones Customer-focused blockchain association
Cointelegraph reported in July that a bond between the Dubai International Assist with Centre, Mashreq Bank on top of that fintech firm Norbloc was basically planning to launch a blockchain-based Know Your Customer (KYC) data-sharing association in 2020, with the intention to combine the KYC efforts of participating loan companies and government bodies.