The Dubai Future Foundation has recently announced a blockchain accelerator program. The announcement was made at C4IR UAE’s HQ — AREA 2071, Emirates Towers.
The program will connect the public and private sectors, including blockchain solution developers, the members of the World Economic Forum, blockchain-focused legal authorities, and policy-makers.
The foundation plans to test blockchain governance frameworks jointly with stakeholders and will build blockchain infrastructure protocols to underpin various UAE sectors. Additionally, it will consider other pioneering technologies, including AI, Data Science, precision medicine, and others.
The new program supports the Emirates Blockchain Strategy 2021 with a plan to further digitize the region and transfer at least half of all government transactions to blockchain in 2021. Through the automation, immutability, and transparency inherent in blockchain, the government plans to save significantly on manual labor and document printing.
After OpenLedger’s outstanding performance at DFA Cohort 6 and partnership with Etisalat, we’re glad to take part in this promising venture and further expand our blockchain services to the Middle East region.
Bringing the disruptive power of blockchain across verticals in multiple UAE sectors, OpenLedger again proves the importance of this technology for the digital space — and particularly for innovation hubs such as the United Arab Emirates.