The UAE Government is one that had officially adopted blockchain technology for governmental transactions and towards this it had launched the Emirates Blockchain Strategy 2021 and Dubai Blockchain Strategy. The former, announced in April 2018, aims to bring at least 50% of government transactions on the blockchain platform by 2021. The government is confident that blockchain technology will help save time, effort and resources and facilitate people to process their transactions at the time and place that suit their lifestyle and work. It hopes to save AED 11 billion in transactions and documents processed routinely, 398 million printed documents annually and 77 million work hours annually. The latter strategy is intended to help Dubai to be the first city fully powered by blockchain and make it the happiest city on earth. The plan has 3 pillars: government efficiency, industry creation and international leadership.
HAPPIEST CITY
The Dubai Blockchain Strategy is a collaboration between the Smart Dubai Office and the Dubai Future Foundation. It will be a continuous process in exploring and evaluating latest technologies based on blockchain that will facilitate seamless, sage and impactful city experiences. In short, Dubai wants to become the happiest city on earth.
This story is from the March 2021 edition of Banking Frontiers.
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This story is from the March 2021 edition of Banking Frontiers.
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