The Emirates-based telecommunications major du has collaborated with Smart Dubai to roll out a blockchain-based paperless property rental agreement. It is reported that the new innovation will pave the path for the company to handle business processes among four connected entities in the country.
Farid Faraidooni, the Chief New Business and Innovation Officer of du, told the media, “Through proactivity and productivity, we continue to make sustained progress in delivering business excellence and innovation, enhancing the lives of residents and delivering new value to communities across the country.”
The new development marks the Emirate’s first locally hosted blockchain service which has been developed for Al Wasl and is operational on Dubai Smart Pulse and du blockchain edge.
It is reported that the new platform will connect Smart Dubai’s technology arm SDGE with Emirates NBD, a state-owned bank, Dubai Land Department (DLD), and AL Wasl. SDGE and du have rolled out a multi-purpose Dubai Pulse for government entities. The Pulse will offer secure analytic, big data, and compute and storage services.
SDGE CEO Wesam Lootah said that the company has been successful to achieve its goals through the new development. The new development will make it easier for people in the future. SDGE has also been successful in encouraging users to join the new transformational journey.
Earlier, du has joined hands with the Dubai’s Department of Finance (DoF) to launch a Robotics Platform as a Service (RPaaS) on Dubai Pulse. Dubai Pulse is the next-gen operating system for Smart Dubai.