Home / Blockchain / EAU launches the Blockchain initiative to process 50% of the government. Transactions by 2021

EAU launches the Blockchain initiative to process 50% of the government. Transactions by 2021

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The United Arab Emirates government has unveiled two national initiatives focused on strengthening the country's global position in emerging technologies such as blockchain and artificial intelligence.

One of the programs launched during the second annual meetings of the UAE government that took place in the capital Abu Dhabi was the AI ​​initiative and Blockchain Guide, as initially reported by the Emirates news agency. With this program, the goal is to offer a standardized definition of blockchain technology and artificial intelligence at the federal level.

The IA and the Blockchain Guide, which will be offered to all smart local entities through the seven emirates, will also focus on familiarizing the competent authorities with the two technologies. This is important because the adoption of the two technologies will involve individuals from different sectors, some of which may not be technologically experienced:

"The United Arab Emirates is keen to adopt IA and Blockchain technologies in all sectors of the economy, health, education and other vital sectors. It seeks to strengthen cooperation and forge partnerships between various governmental, federal and local bodies, international companies and start-ups in an effort to find effective and innovative solutions and have a positive impact ", the United Arab Emirates Minister of State for Artificial Intelligence, Omar bin Sultan Al Olama, said.

Government transactions on the Blockchain

According to the Emirates News Agency, the United Arab Emirates aims to ensure that by 2021 half of their government's transactions are conducted on a blockchain platform. The United Arab Emirates have also set an ambitious goal of becoming the global leader regarding the adoption of AI by 2031.

The other initiative that has been launched is the national artificial intelligence program and the blockchain capacity building. The objective of the program, which will be implemented in collaboration with the Ministry of Higher Education, is to provide scholarships and educational programs in the fields of blockchain technology and artificial intelligence. This will include the implementation of educational programs that last for short periods for the Emirates in various professional levels.

The National Artificial Intelligence Program and the capacity building blockchain will also identify the sectors and sub-sectors that will face job losses as a result of the adoption of blockchain technology and artificial intelligence and will work to reduce the number of workers in these sectors. In addition, the initiative will seek to retrain affected workers by allowing them to find alternative job opportunities.

Involvement in the private sector

In addition to the government, the private sector has also contributed to the development and adoption of blockchain technology in the United Arab Emirates. At the beginning of last year, the leading health care company NMC Healthcare collaborated with UAE Telecom to archive patient records on the blockchain within the Emirates.

Blockchain initiatives in the United Arab Emirates, however, were not limited at national level as the various emirates also presented their projects. This includes Dubai, which has partnered with IBM on a blockchain-based commercial finance pilot project, among other initiatives.

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