Post
Topic
Board Legal
Re: UAE Government launches Blockchain Strategy 2021
by
Kemarit
on 26/04/2018, 14:28:34 UTC
The strategy is expected to contribute to saving AED11 billion (USD 3 billion) spent annually on document transactions and documents, 77 million hours of work, reduce government documents by 389 million, and save 1.6 billion kilometres spent driving.

https://www.opengovasia.com/articles/uae-government-launches-blockchain-strategy-2021

That's the beauty of Blockchain technology because its really change how data is being save and stored. It can literally saved millions (in the case of UAE billions worth) of dollars. The only drawback is that it can also reduce employment because they don't need to hire people just to go on that documents because the technology will handle everything. But its all good if government can save billions and channel that funds to more productive used to help their people (although they are very rich nation.)