Dubai as the First Blockchain Government?!?
HH Sheikh Hamdan bin Mohammad bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of the Dubai Executive Council has launched to Dubai block chain strategy. By doing this they hope to deliver improvements to the nation. The official blockchain advisor of Dubai has announced that the distributed ledger technology has the potential to have bank transactions cut $15 to $20 billion a year by 2022. Also, Dubai government signed a new agreement with U.K.-based blockchain startup ObjectTech to create digital passports for entry at Dubai International Airport. the aim for this is to end manual passport verification and to have the first gate-less border. with the government giving the green light for citywide blockchain payments. Dubai is on track to being the first nation to be powered by blockchain.
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