50 Vol. 19/18, May 2018
Power supply Automotive Real estate Air traffi c controlDubai-based start-up
Genr8 is seeking to
revolutionise the energy
sector by creating “the
word’s smartest energy
exchange”, on which
renewable energy from
solar, water and wind can
be traded. Until now, the
renewable energy market
distributes energy through
a “certifi cate” system, in
which intermediaries are
involved – often at high
cost to the end-user.Blockchain is being seen
as a means of storing
medical records that will
allow instant retrieval
wherever and whenever
a patient might need them- a process currently
being pioneered by UK
start-up Medicalchain. In
the UAE, Du and NMC
Healthcare have
announced plans to add a
layer of security to
electronic health records
using this technology.
The Dubai Land
Department is trialling a
decentralised ledger to
document and store all
data concerned with real
estate transactions. The
DLD is employing
blockchain technology in
three key areas: ownership
verifi cation, property sales
by developer, and smart
leasing. The goal is to
provide secure property
data as well as eliminate
paper documentation.Dubai’s transport
authority, RTA, has
advanced plans to create
a vehicle lifecycle
management system
using a blockchain
network. The project is
designed to provide a
vehicle history from the
manufacturer all the way
to the scrap yard and will
cover all cars in Dubai. The
RTA said it expects to
launch the completed
system in 2020.Vimana believes
blockchain can help the
evolution of the smart city
in one key area: air-traffi c
control. A proposed
Vimana network,
consisting of terrestrial
and airborne nodes, runs
on a high-performance
blockchain protocol to
help alleviate air-traffi c
congestion problems.
Vimana already has fi ve
smart city strategic
agreements in place.The Future Blockchain Summit last week highlighted the full scope of blockchain’s potentialMedical recordsNon-fi nancial sectors blockchain will impact