As Blockchain technologies are fast gaining momentum, Dubai leads from the front in embracing these technologies to stay ahead of the game
ConsenSys Academy has announced its first Developer Program class of 150+ blockchain developers, including 25 participants from the United Arab Emirates. The class represents the successful candidates out of 1,300 applicants from 95 countries.
The finalists will be flown to Dubai for a three-day hackathon followed by the graduation ceremony hosted in Dubai on Sunday 22 October 2017 in conjunction with the Smart Dubai Office (SDO). The graduation certificates will be issued on the Ethereum blockchain.
ConsenSys aims to address the global shortage of blockchain developers through the Academy’s pioneering program.
Bitcoin and Ethereum are at present the most popular cryptocurrencies based on blockchain technology. As on today, Bitcoin marketcap is over $64 billion and Ethereum is over 27 $billion.
MORE: What is Blockchain Technology? A Step-by-Step Guide For Beginners (source: Blockgeeks)
The Dubai Blockchain Strategy was announced by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, on October 2016 as a joint initiative by the Smart Dubai Office and the Dubai Future Foundation. The strategy’s objective is to make Dubai the first Blockchain-powered city by 2020.
“If you think the Internet has affected your life, Ethereum will have that same pervasive influence on our communications and our entire information infrastructure. It will impact every aspect of our existence.”
Joseph Lubin, Co-Founder of Ethereum
MORE: Bitcoin: A Peer-to-Peer Electronic Cash System – Satoshi Nakamoto (source:bitcoin.org)
Addressing the gathering will be Joseph Lubin, Co-Founder of Ethereum and Founder and CEO of ConsenSys, Her Excellency Dr. Aisha Bint Butti Bin Bishr, Director General of Smart Dubai Office, and Wesam Lootah, CEO of Smart Dubai Government Establishment, and top ConsenSys personnel.
“Dubai continues to lead the pack in technology innovation. Hosting the final stage of this first-of-its-kind developer program is another step towards bolstering the emirate’s position as a global technology leader and the first blockchain-powered government,” said Dr Aisha.
“We believe that sharing advanced Ethereum blockchain development know-how supports Smart Dubai’s mission to implement the Dubai Blockchain Strategy 2020. We are proud to be an integral part of cultivating the blockchain ecosystem,” added Joseph Lubin. “This is an important step of a very ambitious program that will reshape the economy’s future.”
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Don & Alex Tapscott, authors Blockchain Revolution (2016)