SAP Supports wasl’s Blockchain Innovations to Transform Dubai’s Real Estate Sector

Press release
Published October 31st, 2017 - 06:28 GMT
The technology was showcased by SAP during the recent GITEX Technology Week 2017 in Dubai.
The technology was showcased by SAP during the recent GITEX Technology Week 2017 in Dubai.

SAP, a leading digital transformation enabler, is proud to be supporting wasl Asset Management Group’s new blockchain technology, which will provide faster, easier, and more trusted real estate processes that will transform the sector. The technology was showcased by SAP during the recent GITEX Technology Week 2017 in Dubai.

The “Live Real Estate on Blockchain” concept has been developed in partnership between wasl and the Co-Innovation Lab at SAP. “Live Real Estate on Blockchain” connects tenants, service contractors, and property building managers on the SAP Leonardo digital innovation system, with the potential to add additional public and private sector players.

“Live Real Estate on Blockchain” can connect with the Internet of Things, artificial intelligence, and machine learning. The concept is custom-built for the SAP Cloud Platform SDK for Apple iOS.

Background Information

SAP

SAP is at the center of today’s technology revolution. The market leader in enterprise application software, SAP helps organizations fight the damaging effects of complexity, generate new opportunities for innovation and growth, and stay ahead of the competition.

Visit our corporate site to explore news, information for investors and analysts, career resources, SAP’s history, and more.

wasl Asset Management Group

wasl Asset Management Group, one of the largest real estate management companies in Dubai, was established by the Dubai Real Estate Corporation (DREC) to oversee the management of its assets and grow its real estate portfolio. 

wasl’s operations span various sectors; from residential and commercial properties, to industrial plots of land and from leisure and entertainment to hotels and serviced apartments.​​​​​​

PR Contact

Contact Name
Husain Al Tamimi
Contact email

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