Blockchain to power half of UAE government transactions by 2021
The UAE aims to conduct 50 per cent of federal government transactions using blockchain technology by 2021.
That’s according to the newly launched UAE Blockchain Strategy that would help the country save AED 11 billion spent annually on document transactions.
While announcing the strategy, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said, “The adoption of this technology will reflect on the quality of life in the UAE and will enhance people’s happiness levels.”
The plan includes four pillars focusing on citizen and resident happiness, government efficiency, advanced legislation and global entrepreneurship.
The government will use training courses, events, workshops and reports to build its standing in blockchain and support university courses specialising in the field and related subjects like encryption.