The UAE government will use blockchain technology for authentication and authentication services, which was announced on April 19, according to the Emirates News Agency.
The adoption of blockchain technology is expected to reduce the time, effort and expense that the UAE Ministry of Justice spends on authentication, authentication and verification of contracts, while relying on the government’s plan to eventually transfer half of its transactions to the blockchain. this year.
The spread of blockchain technology in the UAE is part of their plans to create an external digital architecture for all of their internal operations, which they call a “Single Digital Government Platform”.
Reportedly, the digital transformation under way in the UAE will include the creation of a digital ID called “UAE PASS” which will allow users to interact with aspects of the legal process from remote sites.
Along with ambitions to acquire half of the blockchain transactions by the end of 2021, the country has also announced plans to make Dubai the first city in the world to fully use blockchain technology. The UAE hopes to attract talent and innovation by being one of the first to create an attractive digital legal landscape for startups.
The country also recently established the Global Blockchain Council, which is made up of 46 global finance and technology companies, to help explore potential blockchain applications in the country’s various business areas.