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Author Topic: [2016-10-05] Dubai to use blockchain technology for all government documents  (Read 370 times)
CrimBit
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October 05, 2016, 11:23:33 AM
 #1

Dubai to use blockchain technology for all government documents by 2020
Dubai has announced plans to use blockchain, the database technology behind crypto currency bitcoin, for all government documents by 2020.

Dubai Media Office said in a tweet the strategy was launched earlier today by Crown Prince of Dubai and chairman of Dubai Executive Council Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

http://gulfbusiness.com/dubai-use-bitcoin-database-technology-government-documents-2020/
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October 05, 2016, 11:45:40 AM
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Let's wait and see if they'll actually do it. It's one thing to say something, it's another thing to implement it.

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CrimBit
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October 05, 2016, 12:15:45 PM
 #3

Let's wait and see if they'll actually do it. It's one thing to say something, it's another thing to implement it.

dubai is a richest country, where he can gather every smart cooder with highest salary, in this case, im sure dubai can do it.
dubai have chance to be great super power country.
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October 05, 2016, 12:18:47 PM
 #4

Guys in Dubai are Rich and already using crypto , it will be good that government adopt the blockchain technology.
when keeping money becomes hard , convert them to crypto , with time their value will appreciate and even managing funds will be easy.


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yayayo
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October 05, 2016, 12:46:17 PM
 #5

Note that the announcement says, that they are using "blockchain technology", not the Bitcoin blockchain. It seems to me, that the Dubai officials only want to portray themselves as progressive and modern. But first of all, making a pre-announcement for something to be planned to happen years into the future is not a binding decision. So in reality, exactly nothing might follow the announcement.

What's even more important is the lack of technical understanding that is implied by the announcement: The Dubai government wants to use a private, centrally controlled blockchain, not a decentralized one. But the very reason to use a blockchain at all, is to enable a  decentralized currency. For a centralized application, a traditional database is far more efficient.

To sum up, the news release is an example of governmental incompetence combined with narcissistic aspirations to use the most recent buzz words...

ya.ya.yo!
elyas772
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October 05, 2016, 04:29:41 PM
 #6

Note that the announcement says, that they are using "blockchain technology", not the Bitcoin blockchain. It seems to me, that the Dubai officials only want to portray themselves as progressive and modern. But first of all, making a pre-announcement for something to be planned to happen years into the future is not a binding decision. So in reality, exactly nothing might follow the announcement.

What's even more important is the lack of technical understanding that is implied by the announcement: The Dubai government wants to use a private, centrally controlled blockchain, not a decentralized one. But the very reason to use a blockchain at all, is to enable a  decentralized currency. For a centralized application, a traditional database is far more efficient.

To sum up, the news release is an example of governmental incompetence combined with narcissistic aspirations to use the most recent buzz words...

ya.ya.yo!

i think we we can not separate blockchain and bitcoin, if dubai interesting to adoption bitcoin technology, in future im sure bitcoin have biggest chance to be a legal currency due the blockchain adoption reason in currecny system.

i know it's really bad idea to make decentralization currency get legal certified, but if we see all fact of bitcoin adoption we will trust in future bitcoin can survive.
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October 05, 2016, 04:33:34 PM
 #7

Note that the announcement says, that they are using "blockchain technology", not the Bitcoin blockchain. It seems to me, that the Dubai officials only want to portray themselves as progressive and modern. But first of all, making a pre-announcement for something to be planned to happen years into the future is not a binding decision. So in reality, exactly nothing might follow the announcement.

What's even more important is the lack of technical understanding that is implied by the announcement: The Dubai government wants to use a private, centrally controlled blockchain, not a decentralized one. But the very reason to use a blockchain at all, is to enable a  decentralized currency. For a centralized application, a traditional database is far more efficient.

To sum up, the news release is an example of governmental incompetence combined with narcissistic aspirations to use the most recent buzz words...

ya.ya.yo!

i think we we can not separate blockchain and bitcoin, if dubai interesting to adoption bitcoin technology, in future im sure bitcoin have biggest chance to be a legal currency due the blockchain adoption reason in currecny system.

i know it's really bad idea to make decentralization currency get legal certified, but if we see all fact of bitcoin adoption we will trust in future bitcoin can survive.

Why do you think that if they use blockchain technology then they will use bitcoin, why not they will start their own coin and implement all developments on that coins. As they will have full control on their new developed coin
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October 05, 2016, 11:12:56 PM
 #8

Let's wait and see if they'll actually do it. It's one thing to say something, it's another thing to implement it.

dubai is a richest country, where he can gather every smart cooder with highest salary, in this case, im sure dubai can do it.
dubai have chance to be great super power country.

Agree, this is something Dubai can definitely do.  Ultimately I would like to see them utilize bitcoin as well.  Like was said above, wait and see what happens.

I love Bitcoin
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October 06, 2016, 01:04:24 AM
 #9

Let's wait and see if they'll actually do it. It's one thing to say something, it's another thing to implement it.

dubai is a richest country, where he can gather every smart cooder with highest salary, in this case, im sure dubai can do it.
dubai have chance to be great super power country.

Dubai is not a country, it is part of the UAE.  Smiley
That said, money is not the only thing needed to implement blockchain, you need to have the courage to challenge status quo.
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