AI & Blockchain Will Allow UAE To Save $3bn
AI will be a powerful supporter for blockchain, and will have a major role in the UAE’s 2021 strategy.
It is expected that due to Artificial Intelligence (AI) and blockchain the UAE government will save $ 3 billion (AED11bn) in economic returns and 389 million in government documents per year.
Today technologies are two of the most powerful tools that revolutionize the pace of innovation in the UAE, according to the country’s AI minister, who delivered a keynote speech on the UAE Blockchain Strategy 2021 at the Future Blockchain Summit.
Omar bin Sultan Al Olama said, “With the combined power of AI and blockchain, the UAE government stands to save AED11 billion in economic return and 389 million in government documents alone per year.”
He metioned that AI will be a strong supporter for blockchain, and will have a major role in the 2021 strategy.
He said, “It will help in the formation of the blockchain government, identify business process reengineering within organizations, enhance federal regulations and enable efficient monitoring of processes and systems.”
The Future Blockchain Summit, which takes place from May 2-3 at Dubai World Trade Centre, features over 100 exhibitors, half of which are local and international startups.