Dubai: Dubai will set rolling the world’s first vehicle database by the end of next month, ushering in a bold new era of end-to-end vehicle lifecycle management, the Dubai Future Foundation (DFF) announced on Tuesday.

A Dubai 10X Initiative – an ambitious venture overseen by the DFF, the Roads and Transport Authority (RTA) showcased the project earlier this month at the World Government Summit, which was approved by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Dubai Executive Council and Chairman of DFF’s Board of Trustees, among a bundle of avant-garde proposals for Dubai 10X.

Vehicle database project is one of the key proposals adopted among the 26 projects presented by 24 government entities.

The project seeks to improve customer experience by providing a holistic view of vehicle-lifecycle services using Blockchain technology, starting from the manufacturer all the way to the scrap yard.

Mattar Al Tayer, Chairman of the Board and Executive Director of the Roads and Transport Authority (RTA), revealed that the “end-to-end vehicle lifecycle management using Blockchain” project will be the first government platform in the world to offer a reliable source of vehicle history, making Dubai – and the UAE – a major hub for the automotive industry in the region, which will positively influence both the local and regional car markets, and the car-manufacturing industry as a whole.

“Blockchain provides a transparent record to the entire business network, allowing buyers and sellers of each vehicle to track where the vehicle is in its lifecycle,” Al Tayer stated, reaffirming that RTA’s initiatives complement the government’s directions, as well as the global trends in shaping the future of transport and mobility.

“The platform benefits many stakeholders,” he explained, “including car manufactures, dealers, regulators, insurance companies, buyers, sellers and even garages, providing transparency and trust in vehicle transactions, preventing disputes and lowering the cost of services. It tracks ownership, sale, and accident history to create smart, more efficient systems for supply chains, Internet of Things networks, multimedia rights management, Government proof of identity, and insurance record management.”

In the first stages, the platform will cover all cars in Dubai, before extending to cover all cars in the UAE to ensure the integration of vehicle information.

Using Blockchain makes the RTA a pioneer in building the first vehicle lifecycle management system, which will later be expanded and implemented around the world.

“The Authority will begin implementing the register as of Q1 2018, in the hopes of launching the completed system by 2020,” said Al Tayer revealed.

He added that the RTA plans to work with strategic partners, with IBM coming on board as strategy formulation consultant, while future partners include government entities such as Dubai Customs, Dubai Police, the Dubai Department of Economic Development (DED), the Emirates Authority For Standardisation and Metrology (Esma), Emirates ID, and the Ministry of Interior.

Speaking about the project CEO of DFF, Khalfan Belhoul said: “We are at the beginning of a new era for the transport sector; Shaikh Hamdan launched the RTA’s path-breaking initiative at the sixth World Government Summit, where the Authority clearly signalled that it has started working today on what cities around the world will be implementing ten years from now. Furthermore, the ambitious project will be made a reality in Dubai within the next 24 months.”

The Dubai 10X initiative seeks to place Dubai Government entities 10 years ahead of the rest of the world in all sectors, propelling the emirate into the future by implementing today what other cities around the world will be implementing 10 years from now.