Yesterday, the Dubai Department of Economic Development (Dubai Economy)
announced the launch of its company registration blockchain. The government body worked with Dubai Pulse to host its Unified Business Registry Platform (UBRP) on the firm’s blockchain system. It hopes to streamline registration and improve transparency and regulation.
Dubai Pulse, a joint initiative of Smart Dubai and Emirates Integrated Telecommunications Co. (EITC or du), provided its blockchain platform as a service (BPaaS) for the project. While the UBRP has been in use by some entities since last year, its launch on Dubai Pulse marks its public release.
The UBRP already boasts the Dubai Silicon Oasis Authority, Electricity and Water authority, and Multi Commodities Centre as members. It is the first blockchain platform hosted in the UAE which integrates both Hyperledger Fabric and enterprise Ethereum. This allows for interoperability between protocols and smart contracts.
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