UAE at the forefront of blockchain adoption

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08 Dec 2019

UAE at the forefront of blockchain adoption

Sandhya D'Mello -

The Dubai Future Council for Blockchain launched the Dubai Blockchain Policy at the ninth Smart City Expo World Congress in Barcelona recently. Its launch complements Smart Dubai's efforts to implement the Dubai Blockchain Strategy, which was launched in 2016. The strategy seeks to make the Dubai government the first in the world to conduct 100 per cent of applicable transactions via blockchain by 2020.

Marwan Al Zarouni, CEO of Dubai Blockchain Centre and member of the Dubai Future Council for Blockchain Technology, said: "The adoption of blockchain is so far very impressive we currently have 40 projects in the pipeline in different sectors from both the government and private sectors. The new projects are piloted in new areas using artificial intelligence and the Internet of Things."

The council is tasked to share knowledge and vision for blockchain technology and to find solutions to various foreseeable challenges for its adoption. The council is also responsible for launching initiatives and strategies to create future opportunities for blockchain-based transformation.

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