Page 96 - ITU-T Focus Group Digital Financial Services – Executive Summary

Figure 7  Though Leadership Action Areas

2.3 Results

Given that Dubai will begin the implementation of its Blockchain roadmap in the first quarter of 2017, results
will become evident by the end of 2017 as Government entities start to implement blockchain pilots.
Results are expected to be in the form of transaction cost savings and reductions in transaction durations,
resources and paper usage. Once the blockchain pilots are identified with the Government entities, key
performance indicators will be set and tracked.

The Smart Dubai Office has set a performance management framework that will track the progress on all
the action items detailed in this case study on a regular basis.

3 Conclusions

Dubai’s adoption of blockchain technology at a city wide scale promises to provide an enabling ecosystem
for business and start-ups to thrive as well as drive innovation. Blockchain is still a nascent technology,
however, Dubai’s clear vision and roadmap on the way forward is expected to inspire other countries to also
tread on similar paths and explore the potential of blockchain in the urban domain.
Dubai has been a pioneer in adopting blockchain technology at the city wide level. The Emirate of Dubai
strongly believes that the novel approach and the overall framework adopted for blockchain is easily
transferable to other cities. The particular context of each city may vary in terms of specific services; however
the approach is both scalable and also highly replicable.

92 U4SSC series