du and consensys build 1st blockchain platform as a service in UAE

October 16, 2018 11:00 am

Jihad TarayaVice President Business Development and Partnerships- New Business & Innovation, du and Lina Hediah, Executive Director, Middle East and North Africa, ConsenSys

du, from Emirates Integrated Telecommunications Company (EITC), will build the first Blockchain Platform as a Service in UAE (BPaaS) in partnership with ConsenSysthe leading blockchain solutions provider and venture production studio building decentralized applications and offering an integrated set of solutions for the Ethereum blockchain ecosystem.

Blockchain Platform as a Service (BPaaS) is a cloud-native blockchain infrastructure that can provide private blockchain networks with a high level of customization, support multiple consensus algorithms with monitoring, managing capabilities and smart contract capabilities on the Ethereum blockchain, and will support multiple blockchain frameworks in the near future.

Read: Growing importance of Blockchain, e-commerce in UAE trade finance

BPaaS represents the outcome of du’s initiative to meet and support the UAE blockchain strategy that was launched in April 2018, by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The strategy aims to capitalize on the blockchain technology to transform government transactions into the blockchain platform by 2021. BPaaS offers a shared environment for du clients to host their blockchain-based POCs and production systems. This includes shared infrastructure and document management, which will adopt and facilitate the current process of any organization by making it more secure, easy and immutable on the blockchain. BPaaS offers companies massive scalability, compatibility, and better software with low-cost access to the technology.

Blockchain Platform as a Service (BPaaS) offers an easy way to explore new technology and how it can be used to help businesses access and develop blockchain-based applications. They can then focus on the business use case itself as it plays across all the industries including government, financial services, insurance, supply chain, healthcare, education, and transportation to name a few.

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Showcasing during GITEX week on 14-18 October 2018 is an exciting use case, built on the top of BPaaS and using smart contract capabilities:

Document attestation: this will facilitate and automate the process of attesting any document by governmental entities. The proposed solution allows government employees to attest or accredit documents and stamp the document on the blockchain once validated. From there on, any employer or individual can instantly verify the validity of the attested document via a web browser or scan the QR code on the document and verify it using a mobile-based application.

Read: UAE, Saudi, elevating their game with crypto and blockchain

“In conjunction with ConsenSys, du will play a leading role in leveraging emerging technology to contribute to business growth and the realization of the Dubai Blockchain Strategy. As a founding member of the Global Blockchain Council, du has been active in expanding the implementation of blockchain technology to improve the everyday life of the citizens of Dubai and this prestigious partnership further acknowledges the Government of Dubai’s pioneering Blockchain initiatives,” said Jihad TarayaVice President Business Development and Partnerships- New Business & Innovation, du.

“We are proud to be a partner of du in this milestone achievement. Du has been at the forefront of blockchain adoption and by leveraging the scale and agility offered by our BPaaS solution, we will further accelerate blockchain adoption at both a private and government level,” said Lina Hediah, Executive Director, Middle East, and North Africa, ConsenSys. “We are excited to be playing such an integral role as we enter this exciting phase,” she added.

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AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.