Smart Dubai & Avanza Blockchain payments platform

SmartCity marketplace  on blockchain

Smart Dubai Office, the entity assigned to implement Blockchain across the Dubai government entered an MOU in partnership with Fintech consulting and development firm Avanza Solutions. The MOU was signed in the presence of Hamdan Bin Mohammed, Crown Prince of Dubai. The MOU will implement citywide payments platform based on Blockchain technology across all existing 38 partner government entities, financial institutions, and other departments in the city of Dubai. Avanza’s Cipher will be the platform. The platform has already been tried and tested with Emirates NBD which conducted an international remittance trail with an Indian partner last year.

Dr. Aisha Butti bin Bishr, Director General of Smart Dubai stated, “I am confident with Avanza’s expertise in payment solutions combined with their Cipher blockchain platform, they will support the Smart Dubai Office with technology that not only bridges current gaps but also becomes a vital piece in Smart Dubai’s roadmap for payment processes in the near future.” 

Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region. Lara worked with Unlock Blockchain until 2022.

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