Dubai has always been the cradle of innovation when it comes to cities around the world. The headquarters of the Arab billionaire nation is a city full of skyscrapers. According to the latest crypto news, however, Dubai could also soon become the first blockchain-powered city by 2020.
The Director-General of Smart Dubai, Dr. Aisha Bint Butti Bin Bishr, recently said that the city is in a prime position to establish itself among the first blockchain cities and potentially become a fully integrated blockchain smart city in the next few years.
Smart Dubai is the organizer behind the Global Blockchain Challenge which is a blockchain-related competition that is geared to finding the most innovative blockchain startups from all around the world and enticing them to operate in Dubai.
As Dr. Aisha Bint Butti Bin Bishr said when talking about the potential for crypto-related businesses:
Dubai has established itself, and in record time, as a global destination for innovators and entrepreneurs in the Blockchain industry. Guided by the vision of our leadership, the emirate has become synonymous with bravely embracing avant-garde technologies and utilizing them to create an advanced, connected and seamless urban experience for its residents and visitors.
Attracting the newest and most innovative blockchain startups to Dubai is part of the larger plan called the Dubai Blockchain Strategy 2020. The plan was initially announced by Smart Dubai and the Dubai Future Foundation earlier this year in order to make Dubai the first ever blockchain-powered city by 2020.
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