Dubai Land Department deploys Blockchain based digital rental contracts

Dubai Land Department deploys Blockchain based digital rental contracts

UAE du Telecom, from Emirates Integrated Telecommunications Company (EITC), and Smart Dubai Government Establishment (SDGE), the technology arm of the Smart Dubai initiative, has announced the launch of a new paperless property rental platform to automate business processes between four connected UAE entities. The announcement was made at the sidelines of GITEX Technology Week 2020. Through collaboration with SDGE, Al Wasl Group, Dubai Land Department (DLD), and Emirates NBD, the platform will integrate these entities. du and SDGE have built a multi-purpose Dubai Pulse, providing secure analytic, big data, and compute and storage services for the use of various government entities.

Available through du Blockchain Edge and Dubai Pulse, all services are linked to a digital tenancy contract through the solution, which will be received within a few minutes following completion of the digital application. du Blockchain Edge provides seamless digital experiences and solutions, guaranteeing scalability and empowering individuals, enterprises, and government entities to contribute to the UAE’s knowledge-based journey which supports the UAE Blockchain Strategy 2021, as well as the Dubai Paperless Strategy. 

Farid Faraidooni, Chief New Business and Innovation Officer, du, said: “At du, we remain steadfast in our commitment to driving sustainable change and contributing the country’s digital transformation. Through proactivity and productivity, we continue to make sustained progress in delivering business excellence and innovation, enhancing the lives of residents and delivering new value to communities across the country. This new platform aligns with the UAE leadership’s digitization agenda, as well as our own vision to utilize talent, skills, and energies to connect, inspire, and reward. As such, we delighted to be collaborating with SDGE for Al Wasl housing project , and look forward to making the property rental process more convenient for customers.”

Wesam Lootah, CEO, Smart Dubai Government Establishment, said: “The availability of the platform  though du Blockchain Edge and Dubai Pulse represents another milestone moment not only for the entities it connects, but also for the residents that they are serving. By working together to achieve our shared aspirations, we have succeeded in propelling users into an exciting new chapter of ease and convenience, one which will contribute to better quality of life for decades to come. Individuals, enterprises, and government entities will simultaneously benefit, driving societal inclusion and setting a further example of the impact of digital transformation for other nations at the regional and international level.”

As the integrated platform and digital backbone that hosts Dubai’s most powerful and valuable datasets, Dubai Pulse enables open data sharing, encourages a culture of innovation, enhances quality of life for citizens and residents, and promotes the vision of make Dubai the happiness city globally. The consortium is governed by Smart Dubai and the other connected entities, with more entities expected to join in the near future.

Dubai Land department was one of the first governmental entities to utilize blockchain when it used it to record all realestate transactions. It also in 2018 implemented four blockchain projects. 

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