Dubai Electricity and Water Authority (Dewa) has joined the Dubai Unified Business Registry, an initiative by Dubai Economy to achieve inclusiveness and transparency in business activities in the emirate.
Dewa is one of the first government organisations to join the blockchain-based network to use data on institutions registered with the Dubai Economy and free zones in the emirate.
This will make doing business even easier, as the network digitally unifies the data of commercial licencing authorities and benefits the overall economic development of Dubai, said a statement from Dewa.
"We are pleased to one of the pioneers in achieving the Emirates Blockchain Strategy 2021 launched by HH Sheikh Mohammed bin Rashid Al Maktoum, VP, Prime Minister and Ruler of Dubai, to enhance government efficiency by transforming 50 percent of federal government transactions to blockchain by 2021," said Saeed Mohammed Al Tayer, Managing Director and CEO of Dewa.
Sami Al Qamzi, the director-general of Dubai Economy, said: "We welcome Dewa to the Unified Business Registry, an achievement we are proud of as it is a unique and global storehouse of commercial licences and is instrumental in retrieving real-time business licence registration data to make Dubai the first government fully powered by blockchain in 2020."
Dewa’s integration into the network provides it with instant access to the commercial licences database, in addition to real-time information on business registration at the Dubai Economy and free zones in Dubai.
It will also support Dewa in strengthening and automating its internal operations relating to bills, contracts, and local supply, as well as in expediting operations, increasing customer happiness and providing a paperless environment, thus enhancing Dubai’s efforts to become a green economy and a global hub of sustainable development, it added.-TradeArabia News Service