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DUBAI BLOCKCHAIN STRATEGYWESAM LOOTAH, CHIEF EXECUTIVE OFFICER, SMART DUBAI GOVERNMENT ESTABLISHMENT
The technology that is going to have the greatest impact on your industry
has arrived
and it is not the Internet, Social Media or even Big Data
WHY BLOCKCHAIN?
BLOCKCHAIN WILL DO FOR TRANSACTIONS WHAT THE INTERNET DID FOR INFORMATION
IDENTITY
PROPERTY
MEDICAL
CURRENCY EXCHANGE
LOANS
STOCKS
SUPPLY CHAIN
VALUABLES
CREATIVE PRODUCTSENERGY TRADING
LOYALTY
ESCROW
3
WHY BLOCKCHAIN?
BLOCKCHAIN WILL ALLOW EFFICIENT TRANSFER OF VALUE
4
Information transfer over the Internet
Value transfer over BlockChain
CopyOriginal
THE WORLD IS WITNESSING RAPID ADOPTION OF BLOCKCHAIN TECHNOLOGY
WHY BLOCKCHAIN?
5
$1.1 BILLIONINVESTED
BY PRIVATE SECTOR IN 2016 ALONE
!
$290 BILLIONVALUE
EXPECTED MARKET VALUE IN 2019
600 NEW COMPANIES
ACTIVE IN BLOCKCHAIN TODAY
LEADING GOVERNMENTSEXPLORING BLOCKCHAIN TECHNOLOGY
UNITED STATES (DE)Company incorporation records stored on Blockchain (Delaware)
SINGAPOREInvoicing on Blockchain
ESTONIA
SWEDEN
UK
Dubai will be the first city fully powered by Blockchain by 2020 His Highness Sheikh Hamdan bin Mohammed Al MaktoumOn the launch of the Dubai Blockchain Strategy, October 5 2016
Three pillars of the Dubai Blockchain Strategy
7
BLOCKCHAIN
1 23GOVERNMENT
EFFICIENCYINDUSTRY CREATION
INTERNATIONAL LEADERSHIP
• USE CASES
• BLOCKCHAIN PASS
• FOUNDATIONAL BLOCKS
• BLOCKCHAIN POLICY
• GLOBAL BLOCKCHAIN CHALLENGE
• SKILL DEVELOPMENT
• DUBAI SMART CITY ACCELERATOR
• SDO ACCELERATOR AT DFA
• BLOCKCHAIN NETWORK
• GLOBAL RECOGNITION
• EVENTS
Dubai Blockchain Strategy
8
BLOCKCHAIN
DUBAI BLOCKCHAIN STRATEGY
THREE PILLARS OF THE STRATEGY
9
GOVERNMENT EFFICIENCY
INDUSTRY CREATION
INTERNATIONAL LEADERSHIP
• USE CASES
• BLOCKCHAIN PASS
• FOUNDATIONAL BLOCKS
• BLOCKCHAIN POLICY
GOVERNMENT EFFICIENCY USE CASE ROADMAP
DUBAI BLOCKCHAIN STRATEGY
1IDENTIFY CITY EXPERIENCES
MAR. 15 - APR.
2 SCOPE BLOCKCHAIN USE CASES WITH GOVERNMENT ENTITIES
Provide technical expertise to scope use cases and provide business and action plans.
APR. - OCT.
3 BUILD ENTITY PROOF OF CONCEPTS
Meet entities regularly to review Proof of Concept progress to provide support.
OCT.- DEC.
4 LIVE CITYIMPLEMENTATION
2018 +
10
Analyzeexistingservicesandexperiencestoidentifychallenges anddetermineopportunityforBlockchain
TODAY’S CITIZEN INFO IS FRAGMENTED, PURCHASING A CAR
REQUIRES AT LEAST 6 LOCATION VISITS
FRAGMENTED DATA
TRUSTED THIRD PARTIES
CENTRALIZED CONTROL
LIMITED SECURITY
MANUAL CONTRACTUAL TRANSACTIONS
GOVERNMENT ID
BANK
EMPLOYERDELER
CAR REGISTERATION
CAR PURCHASE 6 LOCATION VISIT 50 PAPER PAGES
11
INSURANCE
WHY BLOCKCHAIN / EXAMPLE / BUYING A CAR
WITH BLOCKCHAIN, A CLOUD BASED DATABASE OF CITIZEN
INFO IS SHARED BY PARTICIPANTS
SHARE IDENTICAL DATA
NO CENTRAL AUTHORITY
JOINT CONTROL
CRYPTOGRAPHICALLY SECURE
SMART CONTRACT ENABLED
GOVERNMENT ID
BANK
EMPLOYERDELER
CAR REGISTRATION
Car Purchase1 Location (Dealer)
0 Paper
12
INSURANCE
GOVERNMENT EFFICIENCYDUBAI BLOCKCHAIN STRATEGY
13
ENTITY BLOCKCHAIN LEDGERS
BLOCKCHAIN APPLICATIONS
SMART CONTRACTS
ACCESS TO SHARED DATA AND LEDGERS
TECHNOLOGY BLUEPRINT IMPLEMENTATION
GOVERNMENT EFFICIENCY DUBAI BLOCKCHAIN STRATEGY
14
FOUNDATIONAL CAPABILITIES
ORGANIZATION DESIGN, GOVERNANCE & TECHNOLOGY
GLOBAL REACH
Federal & international Network
Ownership & Membership 1Architecture & Standard Security Privacy & Risk Management Funding Accounting Dispute Resolution Communication & Adoption
SDO Blockchain Platform and Enabling Services
Blockchain Policy Framework3 Domain
8 Policies
DUBAI BLOCKCHAIN STRATEGY
THREE PILLARS OF THE STRATEGY
15
GOVERNMENT EFFICIENCY
INDUSTRY CREATION
INTERNATIONAL LEADERSHIP
• GLOBAL BLOCKCHAIN CHALLENGE
• SKILL DEVELOPMENT
• DUBAI SMART CITY ACCELERATOR
• SDO ACCELERATOR AT DFA
SDO ACCELERATOR
DUBAI SMART CITY ACCELERATOR
SDO GLOBAL BLOCKCHAIN CHALLENGE
DUBAI BLOCKCHAIN STRATEGY
INDUSTRY CREATION
• Feb 12 Launched with 3 blockchain start-ups
• Feb 12 - Apr 9 Start-ups explore PoCs
• Apr 10 MoUs signed with Avanza and Consensys
• Feb 5 Launched the Global Blockchain Challenges
• Apr 21 Finalists selected
• May 30 Pitch event with 21 start-ups from around the world
• May 31Launched the Dubai Smart City Accelerator
• Oct 25 Selected 10 Start Ups for Cycle 1 from 1000 Applications
16
SKILL DEVELOPMENT
• May 26 Consensys Launched Blockchain Academy
• Oct.22 56 Blockchain Developers Graduated from Dubai
• Jan2018 IBM Blockchain Development Program
• 2018 IBM Blockchain University Tours
DUBAI BLOCKCHAIN STRATEGY
THREE PILLARS OF THE STRATEGY
17
GOVERNMENT EFFICIENCY
INDUSTRY CREATION
INTERNATIONAL LEADERSHIP
• BLOCKCHAIN NETWORK
• GLOBAL RECOGNITION
• EVENTS
EVENTS BLOCKCHAIN NETWORK
DUBAI BLOCKCHAIN STRATEGY
INTERNATIONAL LEADERSHIP
18
INTELLECTUAL CAPITAL
Jan5BlockchainUnitedNationsCaseStudyCompleted
Jan31BlockchainReportwith1776
Nov11BlockchainWorld EconomicForum(WEF)CaseStudy
Nov26CNNBlockchainEpisode
Nov16BarcelonaGlobal“CityAward”forBlockchain
Jan2018GlobalBlockchainNetworkLaunch
Mar6 WorldBlockchainForum
Jan14UnlockBlockchainEvent
Oct24WorldBlockchainSummitSep25BlockchainMiddleEastForum
May2BlockchainFutureCitiesSummit(DWTC)
May15,2016WorldBlockchainForumFeb5GlobalBlockchainChallengeLaunch
Mar15AnnouncementofDubaiBlockchainPartnersApr10MoUs withBlockchainCompaniesatSDOAcceleratorMay30GlobalBlockchainChallengeEvent
DUBAI BLOCKCHAIN STRATEGY
19
DUBAI HOSTS GRADUATION OF ETHEREUM BLOCKCHAIN
DEVELOPERS
58 Graduating Blockchain Developers
INTERNATIONAL LEADERSHIP
BLOCKCHAIN IS A NASCENT TECHNOLOGY, ALL EFFORTS NEED TO BE ALIGNED
DUBAI BLOCKCHAIN STRATEGY
“Implementing a nascent technology like blockchain on a city scale is like building a car and driving it at the same time —
ALL EFFORTS NEED TO BE ALIGNED AND COORDINATED”
#SMARTDUBAI | دبــي_الذكية#
WESAM LOOTAHCEO, SMART DUBAI GOVERNMENT ESTABLISHMENT
@wesamlootah
