A report issued by the Emirates Center for the Fourth Industrial Revolution in the Emirates in cooperation with the World Economic Forum and Dubai Future Foundation confirmed that the adoption of digital transactions technology "Block Chain" in the UAE will contribute to achieving savings in excess of $ 3 billion (11 billion dirhams), in addition to limiting the use of 398 One million printed papers, and saving 77 million hours of work annually by employing blockchain technologies in handling daily transactions.
The report, "Case studies and experiences learned from the UAE in the application of blockchain", included a set of experiences and opinions of more than 100 experts from 60 government and private agencies working on the application of blockchain technology, in order to identify the stages of application and the most prominent current and future challenges and the most important success factors associated with them .
The report reviewed a set of experiences and successful practices in the field of adopting modern technology in Dubai and the UAE, and the most important achievements that have been made since the launch of the Dubai Digital Transaction Strategy "Block Chain", and the Emirates Strategy for Digital Transactions 2021.