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Industry Update

The UAE is one of the leading destinations for innovators and entrepreneurs in the blockchain space. The nation nurtures a robust blockchain tech innovation ecosystem by welcoming the newest and most forward-thinking blockchain startups from around the world. The Dubai Future Council for Blockchain launched the Dubai Blockchain Policy at the ninth Smart City Expo World Congress in Barcelona recently. Its launch complements Smart Dubai's efforts to implement the Dubai Blockchain Strategy, which was launched in 2016. The strategy seeks to make the Dubai government the first in the world to conduct 100 per cent of applicable transactions via blockchain by 2020.

Source: https://www.khaleejtimes.com/business/local/uae-at-the-forefront-of-blockchain-adoption