Yesterday, the Dubai Electricity and Water Authority (DEWA) joined the blockchain-based Dubai Unified Business Registry to access data on institutions registered in the region. The company registration and licensing solution was launched last year by Dubai Economy to improve transparency and business regulation.
DEWA is one of the first government organizations to join the blockchain network. It can view commercial licenses of potential partners and real-time information on business registration. Using the solution, DEWA would be able to automate internal operations such as bills and contracts, as well as improving customer satisfaction. In turn, this will reduce the reliance on paper-based transactions and improve efficiency.
Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, commented that the initiative is part of the Emirates Blockchain Strategy 2021, which aims to enhance government efficiency by transforming 50 percent of federal government transactions using blockchain by 2021. The ultimate aim is to have a paperless government by the end of 2021.
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