The Smart Dubai Office (SDO) has introduced the champions of this year's global Blockchain Challenge. Ireland's AID Tech came in initially, while the UAE's Smart Crowd and the USA's Codex assembled the leading three winners from the 17 finalists that will certainly get an overall of USD 45,000 for the outstanding Blockchain solutions presented in the difficulty, sustaining the technique that aims to earn Dubai the initial blockchain-powered city within 2 years. They will also have the chance to connect with the best federal government stakeholders and potentially establish their ideas better in Dubai.

The Blockchain Challenge complied with on from in 2014's effective inaugural task, with the most recent instalment attracting 200 applications from business in 85 cities across 44 nations.

The contest was conceived to locate the most appealing blockchain services from the economic sector that could aid in the application of the Dubai Blockchain Strategy. Announced in October 2016 by SDO and the Dubai Future Structure, the approach has the purpose of making Dubai government documents purchases redundant by making certain that blockchain is taken on across all its applicable services.

" The global Blockchain Challenge is a vital empowerment activity that harnesses the entrepreneurship skills of the economic sector achieve Dubai's passion of being an industry leader in Blockchain and developing a Blockchain run ecosystem in the city. We praise the 3 champions of this year's 17 finalists, who originated from 17 cities across 14 countries - a statistic that reflects the really global allure that this competition has produced in both years it has been running," said Her Excellency Dr. Aisha Bint Butti Bin Bishr, SDO Director General.

The 17 selected lead propositions in the second Dubai Blockchain Challenge covered 16 markets, with the finalists carrying out training with innovation startup organization Union, followed by the throwing of their concepts to a target market of government leaders, investors and specialists from personal and public organizations. The trio of champions was introduced at the Blockchain Difficulty Discussion and Awarding Event, which took place within the Future Blockchain Summit at DWTC.

" We are proud of the three winners of this year's global Blockchain Challenge, and I wish to say thanks to all the 200 applicants that got involved from throughout the world. Start-up challenges such as the Smart Dubai Blockchain Challenge important to push the growth of the Blockchain atmosphere in Dubai. The winning startups be presented to the appropriate federal government companions in order to help them begin their blockchain execution in Dubai assisting make the city a global benchmark for Blockchain adoption and application. "stated H.E. Wesam Lootah, CEO of the Smart Dubai Government Establishment.

The Dubai Blockchain Strategy revolves around three primary pillars; boosting government effectiveness by transferring 100% of suitable government deals to blockchain; developing a blockchain industry and ecological community and becoming global leaders in the innovation of blockchain technology. Over 20 federal government and economic sector Blockchain usage instances are currently in the POC stage, some these include renting and buying a home, getting non-objections certifications, managing the lifecycle of a vehicle, licensing clinical establishments and doctors, getting e-prescriptions, registering and managing trainees, and mensuring food safety.