Dubai Electricity & Water Authority (DEWA) | DEWA organises workshop on blockchain

Dubai Electricity and Water Authority (DEWA), organised a workshop that discussed the latest developments and best global practices in blockchain, as well as the possibilities of applying it in the Fourth Industrial Revolution. The workshop was attended by HE Saeed Mohammed Al Tayer, MD & CEO of DEWA. The workshop supports the objectives of the Dubai Blockchain Strategy, which aims to make Dubai the first government in the world to implement all feasible transactions through this future network by 2020.

The workshop was hosted by Pierre Samaties, CEO of innogy International Middle East, and Dr. Carsten Stoecker, CEO of Spherity GmbH and member of the World Economic Forum Future Council.

The workshop discussed blockchain, eco-friendly solutions, as well as governance and applications supporting smart cities. The participants also discussed the importance of enhancing the integration of blockchain, Artificial Intelligence (AI), Internet of Things (IoT), and disruptive technologies that accompany the Fourth Industrial Revolution.

“We work in line with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai. We strive to strengthen Dubai’s status as a unique global model for smart cities, achieving people’s happiness, and anticipating the future. This is through the technological and digital transformation that began with the e-government to the smart government today,” said Al Tayer.

“We have launched many promising programmes, initiatives, and projects to support the Smart Dubai initiative, to make Dubai the smartest and happiest city in the world. DEWA has made great strides in its smart transformation with its clear strategy. The adoption rate of DEWA’s smart services reached 90%, ahead of the schedule set by HH Sheikh Mohammed bin Rashid Al Maktoum, to reduce the number of visitors to government offices by 80% by 2018. We are moving steadily towards the digital transformation to promote a smart and happy life. This supports our ambitions for a more sustainable and smart future, to keep pace with new technologies, especially disruptive technologies, to make Dubai a leading global centre for innovation,” added Al Tayer.

DEWA is committed to adopt the best smart services, networks, smart meters, AI, Robotics, IoT, Big Data, and cloud computing to support its efforts to enrich customer experience and achieve their happiness. It also promotes sustainability, as well as use of green technologies to increase reliance on clean energy, increase the efficiency of its use, reduce energy and water consumption, keep pace with the Fourth Industrial Revolution, and provide innovative initiatives that exceed customers’ expectations and achieve their happiness. This supports the objectives of the Dubai Plan 2021 to make Dubai a smart, integrated, and connected city.

According to the Global Blockchain Council, the global market for digital transactions is currently USD 9.5 billion and it is expected to reach USD 300 billion in the near future.