United Arab Emirates launched Emirates Blockchain Strategy 2021, which aims to have 50% of government transactions processed on blockchain in three years

Briefing

April 19, 2018

Briefing	Emirates Blockchain Strategy 2021 – Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of United Arab Emirates, unveiled Emirates Blockchain Strategy 2021, which seeks to process 50% of government transactions on blockchain by 2021 Cost and Labor Savings Benefits – Expects to save 11 billion dirhams ($3 billion) in transactions, 398 million printed documents, and 77 million work hours per year How It Works – Each citizen will have unique identification number, used to process transactions with government over secure blockchain Blockchain Training – Government will provide blockchain training for government leaders, as well as in universities for individuals Four Pillars of Blockchain Strategy – Include improving citizen happiness, enhancing government efficiency, advancing legislation, and boosting global leadership
Accelerator	Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	Innovation, Competitiveness and Trade
Sector	Government (excluding military)
Source	Iyke, S., "UAE releases its blockchain strategy 2021- blockchain technology news", Smartereum, https://smartereum.com/; "Mohammad Bin Rashid launches the Emirates Blockchain Strategy 2021," Gulf News, http://gulfnews.com/; Antonovici, A., "UAE launches blockchain strategy 2021 to save $3b annually", Cryptovest, https://cryptovest.com/; AcceleratingBiz analysis
Original Publication Date	April 11, 2018

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