Monday, September 23, 2019 2:52 AM

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Etisalat to join Land Department's Ejari blockchain platform


Etisalat to join Land Department's Ejari blockchain platform

Dubai, UAE:

 

Dubai’s tenants will soon see their tenancy agreements under Dubai Land Department’s (DLD) Ejari system being linked to their Etisalat account, following the signing of a memorandum of understanding (MoU) between the two entities, as part of DLD’s blockchain initiative to rope in all government entities under the scheme.

 

This could mean that the tenants will have to clear all their telecom bills settled before renewing the tenancy contracts.

 

“Dubai Land Department (DLD) signed a memorandum of understanding (MoU) with Emirates Telecommunication Group Company (Etisalat) regarding Ejari system and the Real Estate Blockchain technology. The MoU comes in line with the parties' keenness to implement smart government standards (paperless management, reduction of customer visits, and digital contracts), the blockchain strategy, and facilitate customer procedures, where DLD will provide telecom services through Ejari application via connectivity with Etisalat,” DLD said in a statement.

 

Under the MoU, DLD will determine the quality of services related to the Ejari application and Real Estate Blockchain technology, and will provide all the necessary capabilities, providing Etisalat with a non-exclusive right to include its services when registering Ejari contracts, including Internet services and land-line and mobile phone lines. DLD will provide the necessary technical training and consultancy related to Ejari application to Etisalat as well as the necessary support that enables them to achieve electronic connectivity between the parties’ systems related to this application.

 

Sultan Butti bin Mejren, Director General of DLD, said: “We registered an important global technical milestone after adopting the blockchain system as part of our keenness to be aligned with the Dubai Blockchain Strategy. In order for us to develop a smart and secure database that brings together all real estate contracts, including registering Ejari contracts and linking them with all entities and institutions, we are keen to sign agreements with elite partners who have sufficient expertise to reach an orderly system capable of achieving our corporate goals, supporting the vision of our wise leadership to make Dubai the smartest city in the world.”

 

Khalida Alzeraim Al Suwaidi, CEO of Emirates Real Estate Solutions (ERES), the technical arm of DLD, commented: “We recognise the future of blockchain technology as one of the most important technological solutions associated with the Fourth Industrial Revolution, which will benefit us in developing registration and verification processes and implementing transactions of all kinds. More importantly, they can be implemented quickly, safely, and effectively for all network parties and participants. This MoU with Etisalat will help us provide unparalleled services to landlords and tenants in the early stages, where later stages will cover developers and investors.”

 

Etisalat said, it will educate all concerned staff from both parties, enabling them to deal with the requirements through Ejari system. In the second phase, Etisalat will be making the necessary preparations to link itself with the Ejari database on real estate blockchain in order to provide integrated services with DLD.