Dubai to implement blockchain payment system

[mining1]

This will be done via smart contracts through ethereum platform and hyperledger.

https://www.cryptocoinsnews.com/dubai-government-greenlights-citywide-blockchain-payments-system/

So this is why few months back there were news about consensys building blockchain projects in dubai. Consensys is a developing studio focused primarly on ethereum.

http://www.ibtimes.co.uk/ethereum-studio-consensys-build-blockchains-dubai-1606062

[mining1]

So, any opinions ?

[giveen]

I don't think this help anyonr much as this same news was there a few months ago. First of all in order for mining to be profitable you need electricity for running and cooling the servers. Last year the temperature had reach 48°C here. There is also a chance that they find some solution as oil demand is declining. Till now none of the famous newspaper here have reported anything like this so it isn't official yet.

[Monnt]

I would expect Ripple to be more out there with such a blockchain payment system related topic, it is nice to see other coins get attention from bigger audience in finance department.
Ethereum certainly can hold its own if it comes to a bigger audience, certainly better than ripple. Lets see what happens.