Dubai Land Department and telecoms firm Etisalat have signed MoU concerning real estate Blockchain technology
The Dubai Land Department (DLD) and telecoms firm Etisalat have signed a memorandum of understanding concerning real estate blockchain technology, United Arab Emirates-based outlet Gulf Today reported on June 10.
The DLD works under the Executive Council of Dubai in real estate-related services, while Etisalat is a multinational, Emirati firm that serves 15 countries in the Middle East, Asia and Africa.
Both parties have said they aim to implement smart government standards and introduce paperless management and digital contracts for property transactions.
Read more on Mooncatchermeme.com