Blockchain technology will offer competitive edge for UAE private sector

Blockchain technology will offer competitive edge for UAE private sector
Dubai is aiming to become the first government to adopt Blockchain technology by 2020.
Published: 25 July 2017 - 11:33 a.m.
By: Aasha Bodhani

Dubai is aiming to become the first government to adopt Blockchain technology by 2020 which in return will bring commercial opportunities to the private sector in the UAE, according to a recent seminar on the topic.

The seminar concluded that Dubai is moving towards achieving its goal of becoming the first government in the world to adopt the technology by 2020, as reported by WAM News Agency.

Dan Frankel, Blockchain technology consultant at ConsenSys Systems, the official advisory to Dubai's Blockchain project, revealed that private sector institutions are also ready to adopt the technology and will benefit from government plans.

Ahmed Al Mulla, chairman of the Chief Information Officers Majlis, noted that there is currently a global shortage in programmers and developers in the Blockchain field and qualified human resources are required in both public and private sectors.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council , had launched the Dubai strategy on Blockchain Technology, with an emphasis on discovering and assessing the latest innovations for creating smoother, safer and more efficient user experiences.

The seminar was organised by the Chief Information Officers Majlis.


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