UAE is one of the most technologically advanced countries in the world and a great supporter of blockchain technology. According to His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum “The adoption of this technology will reflect on the quality of life in the UAE and will enhance people’s happiness levels,”.

He also said that the adoption of blockchain would help the government prepare for future challenges, save Dhs11bn ($2.99bn) “spent annually to provide and document transactions and documents”, free up 77 million hours of work, reduce government documents by 389 million and save 1.6 billion kilometers spent driving.