FEATURE: DISRUPTIVE TECHNOLOGY //////////////////////////////////////////////////////////////////////
as medical and other records, identity
management and transaction processing.”
Avanza’s Blockchain Platform Cipher was
selected by the Smart Dubai Office under the
Dubai Future Accelerators (DFA) programme.
Through Cipher, Avanza has successfully
delivered an agile and instant reconciliation
and settlement platform to the Smart Dubai
Office for the DubaiPay payment platform. first Government in the world to execute all
applicable transactions via blockchain by 2020.
The benefit of the system for citizens is that
they can avoid making payments to various
government websites and instead have a
DubaiPay account and make payments in
one convenient place, as well as having the
ability to make enquiries.
This is in line with the vision of His Highness
Sheikh Hamdan Bin Mohammed Bin Rashid
Al Maktoum to transform Dubai into the Ali Safri, Lead Consultant of Avanza
Solutions, told Intelligent CIO: “It’s a very
simple step for them, but at the back-end
Payment platforms
However, it’s fair to say that Blockchain is
usually associated with financial transactions.
Perhaps one of the best examples of this
is how Avanza Solutions has implemented
a citywide Blockchain based payments
platform in Dubai.
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