The Smart Dubai office set up and headed by the Crown Prince is introducing open ledger into the app for retail payments for smartphones called DubaiPay.
All types of payments will now be available in the real-time mode. Blockchain will help the local Finance Ministry to supervise reconciliations, refunds, etc, made through DubaiPay. The app has almost 30 governmental agencies linked to it.
More of them are going to join the network later, such as the Dubai Police, Dubai Airports and Customs, etc. Dubai considers Blockchain one of the technologies with the highest potential in the future.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Vladislav Sopov
Arman Shirinyan
Dan Burgin