Blockchain, Featured

Dubai Land Department (DLD) To Use Blockchain Technology

Dubai Land Department (DLD) will use blockchain technology. DLD has made a partnership with an Emirates Telecommunication Group Company (Etisalat) for the blockchain usage. The partnership is actually related to the Ejari system and the Real Estate Blockchain. Both firms have signed an agreement called Memorandum of Understanding (MoU). Telecom services will be provided through DLD and Etisalat with the help of Ejari application.

Services quality for the Ejari application and the Real Estate Blockchain will be determined by DLD. Whereas necessary technical training and consultancy for the Ejari application will be provided to Etisalat.

Necessary preparations will be done by Etisalat to connect with the Ejari database. This connection will be done on the real estate blockchain technology. Providing integrated services is a purpose behind this connection. Involved staffs will be educated from both firms.

Unparalleled services will be provided to landlords and tenants in the initial stages. The services will also be provided to developers and investors, but they will be provided with the services at later stages.

The Director General at DLD Sultan Butti Bin Mejren said, “We registered an important global technical milestone after adopting the blockchain system as part of our keenness to be aligned with the Dubai Blockchain Strategy. s

Etisalat is located in Abu Dhabi. Innovative solutions and services across 15 countries are provided through Etisalat. The Middle East, Asia, and Africa are the places where Etisalat provides the innovative solutions and services, according to the official LinkedIn account of Etisalat.

Dubai Land Department (DLD) was established in January in the year 1960. Opening up the most prominent real estate sector in the Middle East and the world is a purpose behind the establishment of DLD. Customers are provided with integrated services through DLD.

The keenness of both firms is the implementation of smart government standards and the blockchain technology strategy. Paperless management, reduction of customer visits, and digital contracts are the smart government standards, Gulf Today reported.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Shabnam Dhar is a Copy Editor for OWLT Market.

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