82  Blockchain

• Dubai ‘Smart Dubai’: ‘The Smart Dubai initiative was founded fol-

lowing the vision of His Highness Sheikh Mohammad bin Rashid Al

Maktoum, Vice President and Prime Minister of the UAE and Ruler

of Dubai, to make Dubai the happiest city on earth. Participation from

all city stakeholders – residents, visitors, business owners, parents and

families – is a cornerstone of our strategy’. – https://www.smartdubai.ae

Dubai is extensively investing to make the whole city smart by lever-

aging emerging technologies such as blockchain, AI and IoT, as well

as Data Science capabilities. The initiative’s aim is to make everyday

experiences more personalised, seamless, efficient and impactful for

residents and visitors.

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⚬Website: https://www.smartdubai.ae

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⚬Technology used: Various

Central Bank Digital Currency (CBDC)

Multiple governments are harnessing the power of blockchain to launch their

own digital currency. CBDC will be crucial for the digital ecosystem. Please

refer to Chapter 1, the section ‘CDBC Revolution’, for more details on CBDC.

These are some of the examples of blockchain footprint within government

services. Obviously, there are many more examples whereby governments are

either going through a POC or using the blockchain for various services.

Real estate

Real estate is a term used for intrinsic physical assets like buildings and

land. It is one of the major assets class in the financial world. Some of the

examples of real estate are:

• Shopping malls

• Business buildings including office spaces

• Entertainment avenues like casinos, leisure centres and gyms

Blockchain footprint

• Rentberry: Rentberry is a real estate platform that offers a fully digital

rental journey. They offer a decentralised rental platform to provide

transparency, automation and reduction in costs. It brings together

landlords and tenants. It uses smart contracts to provide a simple,

seamless and secure rental journey and ensure that the rights of both

parties are safeguarded.

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⚬Website: https://rentberry.com

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⚬Technology used: Undisclosed

• SmartRE: SmartRE is a decentralised real estate platform that enables

investors globally to invest in the US real estate sector. The platform

allows homeowners to sell a fraction of their home equity instead of