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July 2023
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Blockchain technology has been at the forefront of many projects. It is no longer limited to the fintech world but has expanded into various industries. Ambitious and pioneering organizations are always looking for a scope to harness the power of blockchain and boost efficiency in operations.
There are many solution providers that incorporate blockchain to create secure, high efficiency systems and platforms. For example, ProofEasy is one document security platform that uses the blockchain QR code generator in its patented VeriDoc Global interface to verify, secure, share and do more with documents. Similarly, blockchain has been the technology behind many visionary initiatives worldwide. One such instance is the plan to develop a smart city backed by the blockchain. In this blog, we will be looking into this particular case study and learn about the potential of this progressive tech. The Aim of the Smart City project Powered by Blockchain The government in the UAE recognised the potential impact of blockchain technology on Dubai’s city services. Also, the worldwide trend of adopting this tech witnessed investments of whopping $1.1 billion in 2016 alone. This led to the launch of a city wide blockchain strategy in 2016 with the goal of becoming the first city powered by blockchain. Along with blockchain, other advanced technologies such as Artificial Intelligence, IoT, etc. are also leveraged to achieve various objectives. The blockchain strategy has been led by the Smart Dubai Office. The objectives of this city development plan included -
Smart Dubai Office partnered with ConsenSys, a prominent blockchain technology company to fulfill these goals. With a short span of two months, ConsenSys collaborated with governmental agencies, IT teams, and business process owners to conduct a comprehensive analysis of technical requirements. They identified key sectors such as energy, real estate, and medical as initial use cases for blockchain implementation. Additionally, ConsenSys developed a blueprint for a Blockchain Platform as a Service (BPaaS) and advocated for a blockchain-enabled digital identity solution. As a result, the UAEPass was created to integrate with blockchain networks, ensuring secure and efficient digital identities. ConsenSys also established a sandbox environment on the Ethereum blockchain, where over 40 workshops were conducted to facilitate prototyping and testing for government agencies. End-Results Achieved from Blockchain Integration The implementation of the blockchain mandate led to significant achievements. The Blockchain Platform as a Service (BPaaS) was created in collaboration with telecommunications provider Du. This platform offered government entities a shared framework to build blockchain solutions tailored to their specific needs. This fully managed, scalable, and secure platform follows a pay-as-you-go model, enabling cost-effective access for government entities engaged in prototyping activities. The Smart Dubai Office officially recognized BPaaS as one of the primary tools for supporting government entities' blockchain initiatives. In partnership with the Dubai Future Foundation, the Smart Dubai Office also established the Smart City University. This decentralized learning platform utilizes blockchain technology to support the development of digital skills. Its objective is to increase the digitally skilled talent pool in the UAE. The advanced learning platform bypasses traditional educational institutions and provides individuals with personalized learning paths. These paths include hands-on projects, relevant reading materials, conferences, in-person and online workshops, and the opportunity to obtain digital certifications. Furthermore, Dubai is actively pursuing a paperless strategy. The city aims to digitize the vast amount of paperwork generated each year, which amounts to approximately one billion sheets. Dubai intends to securely transact various services such as visa applications, bill payments, and license renewals with the use of blockchain tech. Therefore, eliminating the need for physical records and enhancing efficiency in these processes. Findings from the Case Study As we observe from the above case study, blockchain has been utilized for boosting efficiency in various areas for empowering the city services. From office to educational institutions, its reach is limitless. Some of the ultimate benefits that we can deduce from this case study are - Enhanced Security - The decentralized mechanism of blockchain allows improved ownership without any compromise from third parties. The data stored on a distributed network in an encrypted form further enhances security. Also, once data is stored over a blockchain network is immutable and cannot be tampered. Efficiency & Speed - While online processes have made things easy for us, the security concern has always been a hurdle which impacts efficiency of the process. With blockchain we see many improvements such as obtaining digital certificates and more to ensure efficiency and speed. No Paper-Based Documents - Blockchain further enhances the scope of going paperless. With this tech, the process of storing important documents in a physical form is eliminated as blockchain ensures a secure and seamless way to do so. Final Thoughts But there are plenty of other benefits as well that can be enjoyed using blockchain. Many pioneering platforms such as ProofEasy expertises in making blockchain encrypted QR code to place over documents. This makes documents easily verifiable and shareable with the protection of blockchain security. As we analyze this case study, it has been revealed that blockchain has a lot of capacity in elevating the services of a city by improving several areas. It is only a matter of time that many more authorities utilize this highly progressive tech to boost different areas of businesses.
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