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Sands of change: UAE enables private sector to adopt blockchain tech

Published 03/08/2021, 05:47 AM
Updated 03/08/2021, 07:20 AM
Sands of change: UAE enables private sector to adopt blockchain tech

It is no secret that the United Arab Emirates, along with Switzerland, Singapore and several other countries, is one of the most forward-looking tech nations in the world, with the Middle Eastern powerhouse promoting the use of blockchain in almost every sector imaginable, from energy to shipping to media.

To help the country with its adoption efforts, the UAE government has launched two extensive, well-crafted initiatives — i.e., the Emirates Blockchain Strategy 2021 and Dubai Blockchain Strategy. While the former seeks to spread the use of blockchain tech for facilitating over 50% of all government transactions by 2021, the latter will help Dubai transform itself into the first city in the world to be fully powered by blockchain.

Where does the UAE stand?

Business adoption is growing

Notable use cases

Unprecedented interest across the UAE

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