Dubai Government to develop Blockchain applications

Dubai Government to develop Blockchain applications

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Dubai government announced a $275m startup investment fund to invest and develop blockchain projects.
Revealed a few days ago, the Dubai Future Foundation launched the Dubai Future Accelerators project, a 12-week startup program that aims at encouraging innovation, including the blockchain. 
Thanks also to a partnership with the Dubai Holding, this program wants to promote the development of business ideas related to transportation, law, education and public utilities.
The project accepts ideas from companies; and the approved applicants will spend three months developing projects that are eligible for further funding.
Spokerpersons explained that applications have to include efforts to improve smart meters, smart cities and business process, by using the blockchain.
This project came after the Dubai Future Foundation decision to promote the distributed ledger development. 
The foundation, in fact, is one of the most active agencies to study blockchain technology, also thanks to the Global Blockchain Council (GBC) overseen by its Museum of the Future project.
Earlier, the GBC revelated seven projects created by prominent area businesses and startups.

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