United Arab Emirates plans to save $3B per year through its blockchain strategy

posted 11 months ago
The United Arab Emirates Prime Minister, Sheikh Mohammed, has officially launched its own Blockchain Strategy – an initiative which arrives with the aim of saving federal government $3B per year.

The initiative, which takes aim at introducing blockchain technologies to four governmental pillars – including citizen and resident happiness, government efficiency, advanced legislation, and global entrepreneurship – is underpinned by a broader goal of managing half of all governmental transactions on blockchain technology within the next three years.

The Prime Minister said “We want to capitalize on this advanced technology.. to cement the UAE’s position to be among the most advanced countries that are well prepared to deal with future changes… the blockchain technology will help save time, effort and resources.”
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