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UAE Prime Minister: 50% of government affairs will be completed by blockchain by 2021.

The United Arab Emirates (UAE) has launched a “UAE Blockchain Strategy 2021” that aims to use blockchain technology to handle 50% of government affairs at the consortium level by 2021.

In the presence of His Excellency Sheikh Maktoum bin Rashid Al Maktoum, Deputy Governor of Dubai and Minister of Cabinet Affairs and Future, Mohamed Bin Abdullah Al Ghagwe and some ministers Under this circumstance, His Highness, Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai announced this strategy.

His Highness Mohammed said:

"The adoption of blockchain technology will reflect the quality of life in the United Arab Emirates and will improve the well-being of citizens."
He added:

"The blockchain technology will save time, energy and resources, and allow individuals to conduct most transactions in a timely manner in a way that suits their lifestyle and work."
Muhammad said that adopting a blockchain will help the government prepare for future challenges and help save 11 billion euros (3 billion US dollars) and 77 million hours of working time for file transactions and documents each year. Reduce 389 million government documents and save 1.6 billion kilometers of driving expenses.

The strategy includes four main directions: 1) the well-being of citizens and residents; 2) government efficiency; 3) advanced legislation; 4) global entrepreneurship.

The government will use training courses, activities, workplaces, and reports to establish its position in the blockchain and support university courses that specialize in related disciplines such as the field and encryption.

In September 2017, the UAE government launched the Fourth Industrial Revolution Strategy of the UAE to strengthen the UAE’s position as the global center for the fourth industrial revolution and to increase its contribution to the national economy by promoting innovation and future technology. The blockchain is part of the toolkit under this strategy.

Dubai blockchain strategy

In December 2016, the Dubai government announced the "Dubai Blockchain Strategy", which has developed a roadmap for Dubai's introduction of blockchain technology and created an open platform for sharing blockchain technology with cities around the world. Its vision is to turn the blockchain into the world's first government to implement all applicable transactions on the blockchain by 2020.

It is estimated that the use of blockchain technology can save Dubai a Dh5.5 billion ($1.5 billion) in file processing fees each year. Several government agencies in Dubai have made significant progress in this regard.

In April 2017, the Smart Dubai office signed a Memorandum of Understanding (MoU) with Avanza Solution to implement a citywide blockchain payment platform. In June of the same year, the Dubai government and the British startup ObjectTech signed an agreement to develop a digital passport for accessibility to Dubai airport. This product combines biometric verification and blockchain technology.

In October 2017, the Dubai Lands Department (DLD) became the first government entity in the world to implement all transactions through blockchain technology. DLD uses an intelligent and secure database to create this blockchain system. This database records all real estate contracts, including lease registration, and links them with the Dubai Water and Electricity Authority (DEWA), telecommunication systems, and various property-related Bills to connect.

At the end of October, Dubai’s IoT strategy was officially launched, seeking to create the world’s most advanced Internet ecosystem in this smartest city in the world and improve people’s living standards. The blockchain plays an important role in the final stage of this strategy and will witness the full integration of IoT policies and the first return on investment (ROI) of the strategy. The first phase involves the coordination of government departments’ efforts and activities in implementing the Internet of Things policy. The second phase focuses on integration and transformation and strives to coordinate efforts. The third phase will focus on optimization.