United Arab Emirates Plans to Be a Blockchain Leader
In the United Arab Emirates, the "Blockchain-2021" strategy has been launched. According to the program, within three years the government plans to bring the country to leaders in the development of blockchain. According to the statement of His Excellency Sheikh Mohammed bin Rashid, with the introduction of successful technology into the system of state agencies, the cost of document circulation will be reduced to $ 3 billion.
Blockchain will not only save money, but millions of working hours, more than 1.5 million kilometers of mileage on the road, and reduce the number of state documents nearly 400 million. The figures are the annual work for state agencies.
The four pillars of strategy are the happiness of citizens, the effectiveness of state agencies, the use of advanced technology and the development of entrepreneurship on the basis of new technologies. Such an attitude towards the development of extraordinary blockchain. While many regulators around the world are trying to counter new trends, UAE has taken technology into their arsenal.
It is very likely that it is now necessary to make a clear and far-sighted decision as this is the key to success in the future. Note also that the recent rise in Bitcoin values is related to the fact that it is declared halal and attracts investment from Muslim countries.