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UAE Government launches Blockchain Strategy 2021

UAE Government launches Blockchain Strategy 2021

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.

Vice President and Prime Minister of the UAE and Ruler of
Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, unveiled the strategy
in presence of the Deputy Ruler of Dubai His Highness Sheikh Maktoum bin
Mohammed bin Rashid Al Maktoum and Minister of Cabinet Affairs and the Future
His Excellency Mohammed bin Abdullah Al Gergawi, and a number of ministers.

His Highness Sheikh Mohammed said, “The adoption of this
technology will reflect on the quality of life in the UAE and will enhance
happiness levels for citizens.”

“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.

His Highness Sheikh Mohammed said that the adoption of
blockchain would help the government prepare for future challenges and
contribute to saving AED11 billion (US$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.

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

The government will use training courses, events, workshops
and reports to build its standing in blockchain and support university courses
specialising in the field and related subjects like encryption.

In September 2017, the UAE Government launched
the UAE
Strategy for the Fourth Industrial Revolution
, aiming to strengthen the
UAE's position as a global hub for the Fourth Industrial Revolution and to
increase its contribution to the national economy by means of advancing
innovation and future technologies. Blockchain is part of the toolkit under
this strategy.

Dubai Blockchain
Strategy

In December 2016, the Dubai government announced the
Dubai Blockchain Strategy, establishing a roadmap for the introduction of
Blockchain technology for Dubai and the creation of an open platform to share
the technology with cities across the globe. The vision is to transform Dubai
into the first Government in the world to execute all applicable transactions
on the Blockchain by 2020. E

It is estimated that adoption of Blockchain technology can
save Dubai 5.5 billion Dirham (US$1.5 billion) annually in document processing
alone. Several government agencies in Dubai have significant progress in the
area.

In April 2017, the Smart Dubai Office has signed
a Memorandum of Understanding (MoU) with Avanza Solutions to implement a
citywide blockchain based payments platform. In June, the Government of Dubai signed
an agreement
 with a UK-based startup, ObjectTech, to develop digital
passports for seamless entry at Dubai Airport, combining biometric verification
and Blockchain technology.

In October 2017, the Dubai Land Department (DLD) became
the world’s first government entity to implement all of its transactions
through blockchain technology. DLD has created the Blockchain system using a
smart and secure database that records all real estate contracts, including
lease registrations, and links them with the Dubai Electricity & Water
Authority (DEWA), the telecommunications system, and various property related
bills.

In late October, the Dubai Internet of Things (IoT) strategy
was launched,
seeking to build the world’s most advanced Internet of Things (IoT) ecosystem
in the world’s smartest city to improve people’s lives. Blockchain plays a key
role in the final phase of the strategy which will witness the full integration
of IoT policies and the first ROI (Return on investment) of the strategy.  The
first phase involves coordination of efforts and activities to implement IoT
policies across government departments. In the second phase, the focus is on
Integration and Conversion, seeks to harmonise efforts. The third phase
will focus on optimization.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

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SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com