The Dubai Roads and Transport Authority (RTA) announced plans to launch in 2020 a vehicle life cycle management system. Arabian Business reported yesterday, February 27.

The Blockchain project, created as part of the Dubai 10x initiative, would show a transparent record of the location of each vehicle at any point in its life cycle. The initiative plans to start by covering all cars in Dubai before expanding to all cars in the United Arab Emirates (UAE).

The Dubai 10x was launched last year at the World Government Summit by Sheikh Hamdan bin Mohammed Bin Rashid Al Maktoum, the crown prince of Dubai, and the chairman of the Dubai Executive Council. His website states that he aims to "make revolutionary innovation a fundamental mantra of their operations and to look for ways to integrate its methodologies into all aspects of their work."

According to Mattar Al Tayer, President and CEO of ATR, this vehicle lifecycle management system will be the first government platform in the world capable of providing a true history of the history of the world. a vehicle:

insurance companies, buyers, sellers and even garages, ensuring transparency and trust in vehicle transactions, preventing litigation and reducing cost services. It tracks the ownership, sale and accident history to create smarter and more efficient systems for supply chains.

Arabian Business indicates that the project will take IBM as a strategic formulation consultant. "Dubai Customs, Dubai Police, Dubai Economic Development Ministry, Emirates Authority for standardization and metrology, Emirates ID and the Ministry of the Interior. "

become the first Blockchain government in 2020. In October of last year, Dubai announced that He was going to release his own cryptocurrency, emCash, through his local government.Also in October, Dubai organized its first government-sponsored training program for Ethereum Blockchain developers in collaboration with a Brooklyn-based Blockchain company.

However, Dubai and the United Arab Emirates also issued several warnings last fall public about the risks associated with the initial offer of coins. currency (ICO) and the use of cryptocurrencies as legal payment, due to their anonymity and their potential use for harmful purposes.