Dubai is a city known for its extravagance and cutting-edge technology. In this city you will not surprise anyone with robot policemen or flying taxis. It would be surprising if advanced blockchain technology were not taken into account. However, what many may not realize is that the emirate of Dubai plans to become the world's first government based on blockchain technology.
Using this technology, the government of this emirate plans to create a paperless digital space in the public and private sectors. Visa applications, utility payments, payment of fines - such transactions, which currently require a lot of paperwork, will become completely electronic.
The Emir also expects that this will make the city more environmentally friendly by reducing CO2 emissions. There are many reasons why cryptocurrencies and blockchain may be of interest to governments in countries such as Dubai. In this city, a very popular digital currency called DubaiCoin (DBIX), which was invented and developed by the residents of the largest emirate. You need to understand that Muslims have their own set of financial laws, and the currency issued in a certain region will always be given preference.
In the end, this will be a very useful test run not only for the UAE, but also for the rest of the world, because the result will demonstrate how effectively blockchain technology can cope with many of the tasks that government managers face. After Dubai sets an example - all errors, shortcomings and advantages are discovered - it will be easier for others to integrate the technology in their countries. And while some states simply cannot afford this, by 2020 the situation may change greatly.
According to https://themerkle.com
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