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UAE company wins Seamless Award for Blockchain Initiative

du, from the Emirates Integrated Telecommunications Company, EITC, was presented with the prestigious Seamless Award for Blockchain Initiative for its BPaaS (Blockchain Platform as a Service) platform.

The award was presented at the 2019 Seamless Awards, which took place at the Armani Hotel in Dubai and recognised the telco’s role in supporting the UAE’s Blockchain strategy.

du launched the initiative to build the first Blockchain Platform as a Service in the UAE, in partnership with global Blockchain solutions provider ConsenSys, to improve the everyday life of the citizens of Dubai. The service offers the ideal basis for a secure, easy-to-deploy, decentralised platform.

Marwan Bin Dalmook, SVP ICT Solutions & Smart City Operations, EITC said, “Blockchain technology is at the heart of innovation as it plays a key role in authorisation, identity management and digital payments. In fact, BPaaS is estimated to produce AED5.5 billion in annual savings for document processing alone. We aim to make it the backbone of Dubai’s smart transformation.”

The solution allows government employees to attest or accredit documents and stamp documents on the blockchain once validated. Thereafter, any employer or individual can instantly verify the validity of the attested document via a web browser or by scanning the QR code on the document and verifying it using a mobile-based application.

Source: WAM

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