UAE Government launches Blockchain Strategy 2021

[Algochain]

The strategy is expected to contribute to saving AED11 billion (USD 3 billion) spent annually on document transactions and documents, 77 million hours of work, reduce government documents by 389 million, and save 1.6 billion kilometres spent driving.

https://www.opengovasia.com/articles/uae-government-launches-blockchain-strategy-2021

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[avikz]

It's a good news that governments around the world are exploring the possibilities of blockchain technology through mainstream adoption. But we also have to keep in mind that it does not talk about bitcoin or any other cryptocurrency. We already know that blockchain has immense possibilities, it is just we need organized efforts to recognize those. I hope UAE government will set some good examples of blockchain use to the rest of the world.

Unrelated but the way the author has mentioned "his highness" everytime, is laughable in context of the rest of the world.

[Whibu]

This is very good and can make great progress to save expenses and the rest can be used in other things, I am very happy.

[Ivandvanko]

it is necessary that each state positively influenced the implementation of the crypto currency in all possible spheres, then progress really awaits us.

[sunsilk]

If this will be in action on 2012, UAE is another progressive country and I can't wait to see that this country will start adopting blockchain technology.

This will make it's neighbor countries follow their action about adopting blockchain and what's good in it is they can see the advantage of adopting the tech.

If it can save a lot of money from their government this will surely be loved by the government officials and can also help the crypto market in purpose.

[MoonJeina]

The strategy is expected to contribute to saving AED11 billion (USD 3 billion) spent annually on document transactions and documents, 77 million hours of work, reduce government documents by 389 million, and save 1.6 billion kilometres spent driving.

https://www.opengovasia.com/articles/uae-government-launches-blockchain-strategy-2021

That is such a good news . Blockchain is finally getting some good recognition .
Blockchain was actually made to make things easier and more efficient . This is true that it would save a lot of time for so many purposes if used in a proper way by the people and in business . Moreover , this might also initiate the progress of crypto currency acceptance around the country.                                    

[ene1980]

That is such a good news . Blockchain is finally getting some good recognition .

This is certainly not the first instance where blockchain is used as there are many governments who are against bitcoin have accepted the technology behind blockchain and it wont be the last, UAE government is always proactive than the rest of the gulf regimes and it is a really good initiative, but it has nothing to do with bitcoin.

[carlfebz2]

It's a good news that governments around the world are exploring the possibilities of blockchain technology through mainstream adoption. But we also have to keep in mind that it does not talk about bitcoin or any other cryptocurrency. We already know that blockchain has immense possibilities, it is just we need organized efforts to recognize those. I hope UAE government will set some good examples of blockchain use to the rest of the world.

Unrelated but the way the author has mentioned "his highness" everytime, is laughable in context of the rest of the world.

Yes, its really good to see that they are already considering blockchain technology to be adopted and would be used because they do able to see the benefit that it gives.Second, you are actually right that it has nothing to do with bitcoin and other altcoins in the market which means its not really related at all when we do talk about price effects but somehow they would really gain idea that cryptocurrencies do exist and possibly might consider to engage with it.Its their choice on doing such thing or not. Sooner or later we would able to see more news similar to this one which a country do recognize blockchain technology.

[KorakPawon]

we've heard about UAE adopting Blockchain some time ago, and it turns out they are planning some strategies for the next few years to improve their economy and their quality of life. This strategy is based on some basic principles, focusing on government efficiency, advanced legislation, and global entrepreneurship. Their plan to create a special bitcoin pasae will begin to be realized.

[Kemarit]

The strategy is expected to contribute to saving AED11 billion (USD 3 billion) spent annually on document transactions and documents, 77 million hours of work, reduce government documents by 389 million, and save 1.6 billion kilometres spent driving.

https://www.opengovasia.com/articles/uae-government-launches-blockchain-strategy-2021

That's the beauty of Blockchain technology because its really change how data is being save and stored. It can literally saved millions (in the case of UAE billions worth) of dollars. The only drawback is that it can also reduce employment because they don't need to hire people just to go on that documents because the technology will handle everything. But its all good if government can save billions and channel that funds to more productive used to help their people (although they are very rich nation.)

[audaciousbeing]

The strategy is expected to contribute to saving AED11 billion (USD 3 billion) spent annually on document transactions and documents, 77 million hours of work, reduce government documents by 389 million, and save 1.6 billion kilometres spent driving.

https://www.opengovasia.com/articles/uae-government-launches-blockchain-strategy-2021

This is by far the best report I have read concerning the adoption of blockchain in recent times. UAE has been known to be a forward thinking government in every areas especially Dubai taking the forefront in any development shaping the future. The differentiating factor here is that its backed with objective, calculative and measurable benefit that cannot be refuted as against those vague benefit being circulated in other climes that are considering the adoption of blockchain technology.

Not only that, actions are being taken, contracts are signed, firms are being enlisted coupled with supports to be provided that cuts across every levels of the society. This is another confirmation that blockchain is here to stay while bitcoin will continue to flourish along side.

[1Referee]

This is another confirmation that blockchain is here to stay while bitcoin will continue to flourish along side.

It was never even doubted for a second that the blockchain wasn't going to stay here. Whether it concerns businesses or governments, the blockchain allows them to do everything they do in a far more efficient, and more importantly, secure and cheaper way. It's impossible for anyone to ignore these tech related developments, especially if you think about how these entities can all configure their blockchains to their liking.

Bitcoin, especially in these countries, might eventually become that what Gold is right now, but in a far superior and usable way. Imagine them conducting massive government related transactions based on Bitcoin, especially when it comes international transfers. Bitcoin means there are no borders that everything else is subject to and limited by. We have solid times ahead of us man, I seriously enjoy every second of it, and eagerly look forward to what still has to come towards us, which is plenty.

[Maxxbill]

The United Arab Emirates (UAE) has launched a ‘UAE Blockchain Strategy 2021’, aiming to conduct 50% of government transactions at the federal level using blockchain technology by 2021.

“This technology will save time, effort and resources and enable individuals to conduct most of their transactions in a timely manner that suits their lifestyle and work,” he added.

The strategy includes four pillars focusing on: 1) citizen and resident happiness; 2) government efficiency; 3) advanced legislation; and 4) global entrepreneurship.

[marielbeckham]

The great strategy which is definitely worth appraising.

[Mukarram Tariq]

The adoption of this technology will reflect on the quality of life in the UAE and will enhance happiness levels for citizens. 50 percent of government transactions on the federal level will be conducted using Blockchain technology by 2021… This technology will save time, effort and resources and enable individuals to conduct most of their transactions in a timely manner that suits their lifestyle and work.”

[Baoo]

Well, thanks to blockchain technology, we can facilitate the development and success of every project in many fields, that's why many countries (like, UAE.. ) have become aspiring to benefit positively from this technology, but in a long term (after a few years) due there are many problems related to cryptcourrencies in the previous years and until now, and unfortunately, there is not much development in this period because many governments do not want to recognize bitcoin and the digital currencies and they want to destroy them through some bad attacks, that's why the market in a total decline .

Plus, I think that the UAE government has a good strategy to benefit from Blockhain in a good way, and it is reasonable and normal that this country wants to achieve this scheme or project after 3 years (2021), Now we live in the era of technology, and Blockchain is the appropriate to do many things and it helps to improve the economy of the country.

[jaocoincrypto18]

The strategy is expected to contribute to saving AED11 billion (USD 3 billion) spent annually on document transactions and documents, 77 million hours of work, reduce government documents by 389 million, and save 1.6 billion kilometres spent driving.

https://www.opengovasia.com/articles/uae-government-launches-blockchain-strategy-2021

Blockchain technology has been proven that it is very strong against cyber attack like DDoS, computer hacking and other cyber threat. This is why the technology was adapted by most of the poweful countries like the US pentagon because they believed that the capabilities of the technology is very strong and reliable. So no doubt that many more countries will be in the news as they are all proud that they are using this technology.

[Kingofbitcoin12345]

As one progressive country like UAE using blockchain will boost the adaptation and awareness of the world about this technology.. It might not be visible on market price for indication of huge numbers of new investors,, but in the long run one country to another this will be significant already..

What country are next in line to implement this upgrade,, soon we will know..

[Ar.harry]

Its a good news for all blockchains that the government is taking interest in blockchain technologies. because this technology save time, money and effort and make individuals to make their transactions on time to increase their lifestyle. so government taking intrest in blockchain technology because youngsters are strongly taking part in bitcoin currencies.

[anchaldhiman15]

Its really very good that government around the world is taking part inbitcoin technology. Bitcoins are becoming world famous day by day and youth of all countries are taking part in cryptocurrencies. that the only reason that government is taking intrest in cryptocurrencies and make it legal .in my counrty blockchain technology is illegal but hope that it will become legal very soon.

[ViktoriaM]

I recently read that in February, the Office for Roads and Transportation in Dubai announced plans to launch a car-based life cycle management system in 2020, which will allow customers to track the history of their car.

Last month, Dubai launched plans to create a virtual market, under the Dubai 10x initiative. On the market, all tourist organizations involved in planning trips through the blockhouse will be merged; With the use of technology, guests will be provided with transparent, "real" prices and a choice in the tourism sector of Dubai.

[Tigorss]

I recently read that in February, the Office for Roads and Transportation in Dubai announced plans to launch a car-based life cycle management system in 2020, which will allow customers to track the history of their car.

Last month, Dubai launched plans to create a virtual market, under the Dubai 10x initiative. On the market, all tourist organizations involved in planning trips through the blockhouse will be merged; With the use of technology, guests will be provided with transparent, "real" prices and a choice in the tourism sector of Dubai.

actually this is old news when the government there really legalize bitcoin and start to make some new regulations and new regulations because the economy is very good there but still japan and china as the biggest inveses for now.

[vessing]

This technology will save time, effort and resources and allow people to spend most of their transactions in a timely manner that fits their way of life and work. This technology will save time, effort and resources and allow people to spend most of their transactions in a timely manner, which corresponds to their image life and work.

[Andrew S]

Well done people in Dubai, they always go ahead of all by technology.  All will be equal to them and the block will be used by everyone.

[Theb]

UAE's government has been known for their quick decisions on matters like this one. They are obviously doing this strategy in order to cut cost as well as be more efficient with their government activities. I have actually learned that they are one of the countries where you can easily establish a business as they have a one day processing on permitting your business they also have some tax exemption on the early parts of your business and will also depend if you are operating in profit gain or not. Bottomline is they are leading into the use of Blockchain technology and I do hope that other countries will take notice on their move.

[yndye]

UAE's government has been known for their quick decisions on matters like this one. They are obviously doing this strategy in order to cut cost as well as be more efficient with their government activities. I have actually learned that they are one of the countries where you can easily establish a business as they have a one day processing on permitting your business they also have some tax exemption on the early parts of your business and will also depend if you are operating in profit gain or not. Bottomline is they are leading into the use of Blockchain technology and I do hope that other countries will take notice on their move.

I really like how UAE welcomes blockchain technology. While other countries turns a blind eye when it comes to this technology, they are the one who is heading the pack. UAE has been a business hub that's why they have won as well the Expo 2020 in which business people all over the world will meet up in the country and this would be a good time to introduce the importance and advantage of blockchain technology compared to the centralized technology. It is just amazing how fast they are in terms of adoption no wonder they are one of the most progressive country in a short period of time.

[USDOLLAR]

Awesome news that is The United Arab Emirates (UAE) has launched a ‘UAE Blockchain Strategy 2021. The blockchain is becoming world famous day by day and a lot of peoples are taking interest in cryptocurrencies. Now This would be a good time to introduce the importance and advantage of blockchain technology. So The adoption of blockchain would help the government to prepare for future challenges. In my thought Blockchain plays a key role in the final phase of the strategy.UAE aiming to conduct 50% of government transactions at the federal level using blockchain technology by 2021. That's Great.

[rezurect]

Good news, but blockchain strategy doesn't necessarily involve bitcoin ,although I hope they are investing a lot.

[Andrew S]

They always have everything new and modern.  No wonder they are always the first in everything.

[Zohina]

This is very good and can make great progress to save expenses and the rest can be used in other things, I am very happy.

if the Indonesian government can imitate the UAE's imprint on implementing the system, I think if a blockchain strategy can be adopted in the country, the impact would be very good for the world of commerce, most likely to foster greater economic progress, we can only hope that the technology can quickly materialized.

[btc-facebook]

They always have everything new and modern.  No wonder they are always the first in everything.

Invention become the top priority especially where competition is getting strict from time to time.
Also we are already in digital era so everything must be turn into digital way and internet become the wise option !