Hyperledger
Case Studies
Dubai’s Digital Silk Road modernizes trade with Hyperledger Fabric
Overview
Dubai’s Digital Silk Road modernizes trade with Hyperledger FabricHyperledger |
Application Infrastructure & Middleware - Blockchain Application Infrastructure & Middleware - Data Exchange & Integration | |
Cities & Municipalities Transportation | |
Business Operation Logistics & Transportation | |
Smart Contracts Supply Chain Visibility Track & Trace of Assets | |
Software Design & Engineering Services System Integration | |
Operational Impact
The Unification of Trade Registration allows a company wanting to do business in Dubai to register once, through a secure, single-window interface. The data gets distributed across all government trade entities. | |
Export Authorization tracks trade transactions, reduces transaction time, and enables secure, encrypted digital authentication. Seamless documentation sharing with relevant government entities happens through smart contracts. | |
The process is completely paperless, reducing the need for physical documentation and the time taken to process it. | |
Quantitative Benefit
The new Reconciliation and Settlement System operates across 40 entities and 15 banks, saving weeks of staff time and giving real-time visibility into Dubai’s revenues. | |
The end-to-end process for reconciling and settling payments, which previously took up to 45 days, now happens instantly. | |