Dubai Electricity and Water Authority (DEWA) declared in a press release that it has collaborated with Siemens in conducting a series of seminars and lectures about blockchain technology.

The association is part of its attempts to support the Dubai Blockchain Strategy that strives to make the country the first to conduct all its relevant transactions through blockchain this year. The seminars and lectures were carried at DEWA Academy on DEWA Campus for Occupational and Academic Development.

“DEWA supports the Emirates Blockchain Strategy 2021, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to enhance the efficiency of government performance by transforming 50% of federal government transactions to blockchain by 2021,” stated HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.

The lectures and seminars concentrated on introducing blockchain and funding of energy infrastructure projects through crowdfunding. Besides, they evaluated Siemens’ new business models and its most advanced blockchain energy platforms.

Al Tayer stated that DEWA was amongst the first government associations to utilize the blockchain technology in a number of its services and initiatives.

Waleed Salman, Executive Vice President of Business Development and Excellence at DEWA, stated that the company also started Digital DEWA, its digital alarm that utilizes a pioneering model of service organization based on innovation in AI, renewable energy, energy storage, and digital services.

Meantime, last November, Dubai Future Council launched the Dubai Blockchain Policy at the 9th Smart City Expo World Congress. The policy, established by Dubai Future Foundation (DFF), intended to control the blockchain development and employment in the country in the next 50 years.