As we have already observed in several writeups, blockchain technology makes conducting transactions easier and safer. Dubai intends to be the first government in the world to move all its applicable transactions to blockchain technology. It will benefit all sectors.

Dubai has already established its position as a leader and the largest hub for information and communication technology (ICT) in the MENA or middle east and north-Africa region.

The Dubai Blockchain Strategy is a joint initiative by Digital Dubai and Dubai Future Foundation. This strategy has led to the initiation of a number of use cases, the Dubai Blockchain Policy and a joint blockchain platform.

Digital Dubai has executed 24 blockchain use cases covering eight sectors — commerce, real estate, transportation, security, health, finance, education and tourism. There is partnership of private players and government here.

In collaboration with IBM, they have launched shared Dubai Blockchain platform. It helps government bodies to develop use cases without a need to invest individually. The learnings will be collected and shared with the world.

Dubai is home to over 100 blockchain businesses today. Dubai is expected to save a few billion dirhams in document processing alone.