The government of UAE is projected to save approximately $3 billion in economic return and over AED380 million in government documents annually, due to blockchain and artificial intelligence. These technologies are two of the most influential tools revolutionizing the World of innovation. On the launching of UAE Blockchain Strategy 2021 at the Future Blockchain Summit, the minister of Artificial Intelligence Mr. Omar bin Sultan Al Olama, said that UAE was moving at the right pace.
With the combined technologies of Artificial intelligence and blockchain, the government will be able to save up billions of Dollars in financial returns and government documentation alone in one year. The minister also said that the country would strongly support the blockchain technology as it plays a fundamental role in the 2021 strategy.
The principal objectives of the 2021 Strategy are to form a blockchain government that can identify business re-engineering within organizations, enhance federal regulations and enable effective monitoring of processes and systems.
The Future Blockchain Summit will take place at Dubai World Trade Center from May 2nd to 3rd. It will feature over a hundred exhibitors, half of which are local business in Dubai and international business in Dubai and all over the world.