Cooper Fitch Dubai

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September 14, 2017

Dubai...The first Blockchain Powered Government in the World

Being the Lead Digital Recruitment Consultant at Cooper Fitch I am thrilled about the vision of His Highness Sheikh Hamdan Bin Rashid Al Maktoum to create a Blockchain government.  Why you may ask...because a number of digital jobs this will create is phenomenal!

Digital Jobs
Cooper Fitch Dubai
Cooper Fitch Dubai
Cooper Fitch Dubai
Cooper Fitch Dubai

The implementation of his vision will require recruiting and an array of top digital and technology specialists from around the world in an effort to make Dubai the global leader in Technology and Digital Innovation. 

For those of you who are still unsure as to what a Blockchain government will entail, I have detailed a few key explanations below;

A Blockchain can be described as transactions network for the internet. Each transaction that takes place is recorded as a permanent entry and is linked to the previous transaction. The linked transactions then becomes a block and each block is linked to another, forming a secure chain of transactions. The types of transactions you can expect to occur will pertain to government documents, shares and financial contracts, trade and contracts and digital currency (Bitcoin). All of these transactions will be implemented, processed and verified on the cloud-based network.

This makes Blockchains extremely attractive as they secure by design. This will allow the government to make the shift to paperless transactions and ensure secure and seamless transactions on an online encrypted database.   

The Blockchain strategy is based on three core pillars which include; creating efficiency, developing new specialised sectors and achieving global leadership in the technology sector. It is expected that the achievement of these three pillars will encourage Emiratis, Expatriates and Investors to set up companies in Dubai to due to the ease of start up. This will help create thousands of jobs in the UAE including banking jobs, digital jobs, and IT jobs to name a few.

The Blockchain will also allow for cashless transactions through the use of Bitcoin, the cash of the internet. It has been said that Bitcoin is a monetary revolution and is changing the way people see and use money.  The beauty of Bitcoin is that it doesn't require central services or third-party clearing services to settle a transaction. This will allow all peer to peer payments to be settled in close to 10 minutes. If we haven’t already invested in Bitcoin, maybe we should?

It is new initiatives like these that make me love this city and its leaders. I am always blown away by their continued effort to make this country a more safe and exciting place to be.

If you consider yourself to be somewhat of a digital guru or a technology expert then Dubai is definitely the place to be! To find out the latest digital jobs and technology jobs in the UAE please contact me at agouda@cooperfitch.com.

Amera Gouda By Amera Gouda

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