Half of Public Services in Dubai to be Run on Blockchain Platform by 2021

Asia Blockchain Review
November 21, 2019

The United Arab Emirates (UAE) has reaffirmed its goal to digitize 50% of government transactions using blockchain technology by 2021, after announcing it would start implementing the Emirates Blockchain Strategy 2021.

The Emirates Blockchain Strategy 2021 utilizes blockchain to digitize public services, with the aim of helping people go about their daily lives more easily. The technology is also expected to help the government save US$2.99 billion on transactions and document processing, 398 million documents printed, and 77 million working hours annually.

Blockchain System Impossible to Hack

Citizen identification is among the public services which will be digitized with blockchain. Immutable personal information of each UAE citizen will be stored on the security chain, making it nearly impossible to hack or alter data on the network.

The technology will ensure the security of official documents and transactions with less operational costs and a faster decision-making process.

“Blockchain is one of the most promising technologies to appear on the world stage in recent years and Dubai has already made remarkable accomplishments in the sector, launching a blockchain strategy and hosting international blockchain conferences that bring together influential international experts,” said Dr. Aisha Bint Butti Bin Bishr, director general of Smart Dubai.

Four Pillars of UAE Blockchain Strategy

The Four Pillars of the Emirates Blockchain Strategy 2021 are:

  1.     United in Responsibility: An ambitious and confident nation grounded in its heritage
  2.     United in Destiny: A strong union bonded by a common destiny
  3.     United in Knowledge: A competitive economy driven by knowledgeable and innovative  Emiratis
  4.     United in Prosperity: A nurturing and sustainable environment for quality living

Dubai has formed the Global Blockchain Council and launched blockchain-based projects in collaboration with tech companies in its effort to become the leading nation in blockchain.

Source: www.cryptonewsz.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Blockchain Enables Verification of COVID-19 Immunity
    Given the virus is not going to disappear in a hurry and we are some time away from vaccinating the ...

    November 21, 2020

    Illicit Cryptocurrency Activity: A Concern
    Market regulators such as SEC has accepted cryptocurrencies as a financial instrument and are consta...

    November 20, 2020

    IBM Using Blockchain to Help Businesses Reopen during COVID-19
    IBM’s healthcare unit, IBM Watson recently announced that they will soon be launching an app to supp...

    November 20, 2020

    Canadian Pacific Railway Collaborates with TradeLens
    Canadian Pacific Railway recently collaborated with TradeLens in a bid to improve its efficacy as an...

    November 19, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us