RTA to unveil Hyperloop design prototype

The first model of the Hyperloop that will link Dubai to Abu Dhabi in under 12 minutes will be unveiled in Dubai as part of the UAE Innovation Month. The Roads and Transport Authority (RTA) and Virgin Hyperloop One have also identified the routes for operating the Hyperloop. Mattar Al Tayer …

The first model of the Hyperloop that will link Dubai to Abu Dhabi in under 12 minutes will be unveiled in Dubai as part of the UAE Innovation Month.

The Roads and Transport Authority (RTA) and Virgin Hyperloop One have also identified the routes for operating the Hyperloop.

Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, said they have made “considerable progress in the technical, engineering and economic feasibility study of the project”.

The system is designed to transport about 10,000 passengers per hour in both directions at speeds up to 1,200kmph.

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Dogecoin hard fork to be launched in 2018

Price of DOGX tokens may become even higher when full power of smart contracts will be unleashed,” states the post. According to BitcoinTalk, smart-contract integration with Dogecoin platform will make the coin more functional in real life. Original coin holders will get one new token for each unit on …

Created in 2014 as joke cryptocurrency, Dogecoin has gained traction among cryptocurrency users. Today, with nearly $740 million in capitalisation it ranks 33rd among major cryptocurrencies. By the end of the year a group of developers plans to introduce a Dogecoin hard fork, called Dogethereum (DOGX).

On February 5, developers from Dogethereum Bridge project successfully put DOGE through Ethereum Rinkeby test network, which helps to solve the scalability issue of the second key cryptocurrency. Dogecoin hard fork developers later talked about the new project on BitcoinTalk forum:

“Dogethereum is new decentralized digital currency, it will be founded on snapshot of popular Dogecoin, based on ETH algorithm with fastest speed of transactions, smart contracts.”

The ICO is not being considered, and the coin can be mined using plain graphics processors, being a “free for all” undertaking.

“There are no any ICOs, premines or other manipulations… there are no extra commissions, fees or predefined stakes. Project starts free for all, easy for initial GPU mining and making good profits. Price of DOGX tokens may become even higher when full power of smart contracts will be unleashed,” states the post.

According to BitcoinTalk, smart-contract integration with Dogecoin platform will make the coin more functional in real life. Original coin holders will get one new token for each unit on hands. The distribution procedure will be announced later.

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Bahrain FinTech Bay officially launched

The hub will be a big boost for the financial technology sector. It will support fintech firms as well as facilitate interaction among investors, entrepreneurs, government bodies and financial institutions. Yesterday’s launch follows its soft launch on November 21 last year. BFB will feature co-working space, …

Manama : Tawoon, a newly formed group, has announced its intention to run for the Bahrain Chamber of Commerce and Industry (BCCI) elections to be held on March 10. The seven members of the bloc are: Ali Hussain alhalwachi, Abbas Mohd abdulrasool, Sayed Saeed Khadim AlAlawi, Fadhel AbdulAbbas alsulaibi,…

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Dubai’s RTA to premiere Hyperloop pod designs

“The Hyperloop is part of RTA’s initiatives for Dubai Future Accelerators. RTA and Virgin Hyperloop One Company have made considerable progress in the technical, engineering and economic feasibility study of the Project. Progress has also been made in identifying the routes for operating the …

The RTA has announced that it will exhibit its initial design of the Hyperloop as part of its participation in the UAE Innovation Month.

The Hyperloop boasts of deluxe interiors, cutting-edge broadcasting and display of information and entertainment materials as well as leather seats.
The Hyperloop boasts of deluxe interiors, cutting-edge broadcasting and display of information and entertainment materials as well as leather seats.

Mattar Al Tayer, the RTA’s Director-General and Chairman of the Board of Executive Directors, announced that the RTA will also exhibit several initiatives such as autonomous pods, high-frequency express buses, and the Urban Mobility Innovation Index (UMii).

“The launch of these initiatives reflects RTA’s strategy to transform 25% of total journeys in Dubai into driverless transport using different means by 2030. The strategy is focused on integrating public transit means with people’s happiness through the provision of smooth, express and innovative mobility means that support the efforts of ranking the UAE among the top 20 countries in the UMii by 2021,” said Al Tayer.

“The Hyperloop is part of RTA’s initiatives for Dubai Future Accelerators. RTA and Virgin Hyperloop One Company have made considerable progress in the technical, engineering and economic feasibility study of the Project. Progress has also been made in identifying the routes for operating the Hyperloop along with its initial design model, which will be exhibited for the first time in the world,” he added.

The Hyperloop boasts of deluxe interiors, cutting-edge broadcasting and display of information and entertainment materials as well as leather seats. The Hyperloop technology uses an electromagnetic propulsion system to accelerate the movement of goods and services through a vacuum tube. The system is designed to assist the levitation of the capsule slightly off the track within the tube and move it at speed up to 1200 km/hour. Accordingly, the Hyperloop can travel between Dubai and Abu Dhabi in 12 minutes, and lift about 10,000 passengers per hour in both directions.

“When introduced in the future, the Hyperloop technology will impact the town planning and the availability of parking spaces. It will revolutionise people mobility between various destinations in the city, logistical hubs like airports and ports, and shipping patterns,” commented Al Tayer.

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