Siemens and DEWA Partner Working On The Emirates Blockchain Strategy 2021

Updated: 09 Sep, 2020
2 mins read

The United Arab Emirates ranks among the top regions that are adopting blockchain technology rapidly. The government unveiled the Emirates Blockchain Strategy 2021 in April 2018. This strategy focuses on capitalizing on the blockchain technology to transform 50% of government transactions into the blockchain platform by the end of 2021.

In that context, Siemens and Dubai Electricity and Water Authority (DEWA) have partnered aiming to transform Dubai.

Official reports reveal that the new partnership will strive to make Dubai the first government globally to conduct all of its applicable transactions through blockchain by 2020.

Siemens and DEWA are rapidly implementing multiple strategies to achieve these digital transformation goals in Dubai. The essential strategies include a series of lectures and seminars. They will be hosted on DEWA Campus for Occupational and Academic Development at DEWA Academy.

Other strategies that have proven practical so far include visiting researchers, internship opportunities, and project funding. In the case of the seminars, they will focus on the introduction of blockchain. Also, they will teach the public on how to maximize the financing of energy infrastructure projects through crowdfunding.

Saeed Mohammed Al Tayer, DEWA chief executive, said that the Emirates Blockchain Strategy would enhance the efficiency of government performance. On the other hand, the Dubai Blockchain Strategy will make Dubai’s government the first globally to transact entirely on the blockchain by the end of 2020. He added:

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

DEWA was among the first government organizations to adopt blockchain technology. It already has a strategy for digital transactions covering several services and initiatives. One notable covered initiative includes the Green Charger registration for electric vehicles.

Latest News

Join us on Twitter or Telegram

Or follow us on Flipboard Flipboard

Like the article? Vote up or share on your social media

Recommended content

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s

Jordan Major

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.