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Fund - Kuwait – Premiums of Wethaq Takaful grow by 16% in 2018 - IMF’s Lagarde says fintech will shake the system - Calls to establish digital economy body at Arab League - Oman - New health ins. initiative for house helps - Egypt - New health ins. provides coverage for all citizens - Saudi Arabia – Significant decrease in ins. profits in 2018 - DIFC launches roadmap for fintechs entering MEA - AAOIFI appoints new Secretary General - Egypt - AXA signs bancassurance deal with Ahli United Bank - GCC FinTech maturing and driving innovation - Bitcoin hits milestone with its 400,000,000th transaction - Saudi Arabia - 47% of vehicle ins. fraud due to damage mismatches - Abu Dhabi Dept. of Health: Health facilities to provide bills - Dubai - Seamless Middle East 2019 to tackle fintech - Egypt - Insurers pay EGP 2.5 B compensation in 2 months - UAE - 40% off on treatments not covered by insurance - Kuwait- MoH to form panel over 'amendment' of health Ins. - Blockchain Ins. Initiative B3i Expands Its Group of Investors - What UAE people claim for the most on travel ins. - UAE first country regionally in fintech - 100 Arab Start-ups Shaping the 4th Industrial Revolution - World Bank: Vision 2030 Diversified Saudi Income Sources - Investments to UAE expected to rise by 20% in 2019 - Mideast ‘biggest target’ of cybercrime - Lebanon – Oil and Gas summit emphasizes insurance role - MENA - Cyber threats beyond traditional attacks - Fintech Cairo: Fostering Innovation in Financial Inclusion - Moody’s: Takaful demand spurs higher premiums - Kuwait - Health Ins. fees from Jan 2020 to be KD 130 - Bahrain - FinTech Hackathon for Sustainability - Smart Dubai Office endorses du’s Blockchain Platform - UAE – Future Blockchain Summit - UAE - Coursera and INSEAD launch Blockchain Specialization - Dubai - DIFC FinTech Hive accepts applications - Ajman government to enact 'Smart Payment System' - UAE - Takaful premiums reached AED 3.7 billion in 2018 - GCC - Car ins. prices continue to decline in 2019 - Solidarity Bahrain launches the first Ins. Hackathon - UAE - SALAMA Islamic Arab ins. co. reports strong growth - 16 Saudi ins. firms log millions in losses in 2018 - UAE - Community contributions of 21 insurers at AED 2.95 million - Oman - Details of mandatory health ins. Revealed - Gulf Insurance to distribute 36% of par value as dividend - UK Insurers pay £1 M each day for vehicle thefts - UK - AM Best: negative outlook for 2019 non-life ins. - UAE - Among world's top 10 most positive on economy - Lebanon – Government targets transition to a digital economy - Saudi Arabia - Foreign entrants to boost ins. Market - KSA - Najm plays key role in developing ins. Technologically - China - Joint Venture to develop pension ins. - Two Bahraini women join top 100 fintech list
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Smart Dubai Office endorses du’s Blockchain Platform

Thursday, 04 04 2019, Category: Technology, Country: U.A.E
du, from Emirates Integrated Telecommunications Company, EITC, has announced that the Smart Dubai has endorsed the telco’s Blockchain Platform as a Service, BPaaS.

Adding to a growing list of use cases, du is providing the platform, to facilitate The Dubai Blockchain Strategy by giving all government entities the freedom to build on a framework of their choice (Ethereum or Hyperledger) based on their business needs on a fully managed, scalable and secure platform with low cost access through a pay as you go model.

Farid Faraidooni, Deputy CEO – Enterprise Solutions, EITC, said, "The Dubai blockchain agenda is an integral strategy for the city’s future and we are proud to be a key enabler for the digitisation of the government. By building on top of our BPaaS to support the country’s digital transformation, our blockchain endorsement by the Smart Dubai Office is an important step towards providing smart solutions that create efficiencies for government transactions leading up to 2021. We believe this will augment not only the services that government entities provide, but it will also improve all citizens and residents’ smart city experiences as well as their everyday lives."

Wesam Lootah, Chief Executive Officer, Smart Dubai, said, "The city of Dubai has pioneered blockchain from the onset and continues to be a global leader in providing new and improved ways to implement and set the future roadmap for the evolution of this ground-breaking technology. As the Smart Dubai endorsing this new platform, the implementation of a blockchain-powered service will drive our ambitions towards becoming a paperless government by 2021 and improve happiness levels for staff and citizens, as well as save valuable time and resources."

du will be providing the Smart Dubai with the Blockchain Platform as a Service, which is a cloud native blockchain infrastructure that can provision a private blockchain networks on Ethereum and Hyperledger fabric frameworks.

Providing a shared environment for POCs, pilots, and production systems, including shared infrastructure and platform monitoring, which will give users the ability to create blockchain networks, deploy and run their use cases, without much knowledge of blockchain networks configuration and DevOps.

This will enable all government entities to transform their current and future activities with the goal of making them digital by the year 2021, in support of Crown Prince of Dubai H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum's paperless vision. The blockchain initiative by Smart Dubai also supports the objective of making the Dubai the smartest and happiest city on Earth.

Earlier this year, du announced the debut of the UAE’s first health sector-related BPaaS solution in conjunction with Dhoner Healthtech. This healthcare solution will ensure patient safety and builds on du’s commitment to developing technology and innovation to enhance society for all.

du announced its partnership with ConsenSys at GITEX Technology Week 2018 building this platform, the UAE’s first Blockchain Platform as a Service. Through this, du showcased an exciting use case built on the top of BPaaS to provide government entities with smart contract capabilities to facilitate document attestation.


Source: Emirates News Agency
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