UAE launches two initiatives focused on AI and blockchain technologies

Two national initiatives focused on artificial intelligence (AI) and blockchain technology have been launched at the recently held second UAE Government Annual Meetings in Abu Dhabi.

The meeting was held by the AI and Blockchain Joint Working Group. It looked into the key issues obstructing the adoption of AI and blockchain technologies and spreading awareness about their positive impact and also discussed ways to act foreign investment, encourage entrepreneurship and develop the necessary infrastructure that supports such technologies.

According to the official release, the two initiatives are:

• The AI and Blockchain Guide initiative which aims to provide a standardised definition of AI and Blockchain on the federal level. It will also focus on acquainting relevant entities with AI concepts and use cases. The guide will be made available to all smart local entities in the country.
• The National Programme for AI and Blockchain Capacity Building aimed at providing educational university programmes and scholarships in the field of AI and Blockchain, in collaboration with the Ministry of Higher Education. It will offer specialised one-day or one-week training programmes to train Emirati staff in these emerging technologies.

Commenting on the new initiatives, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, said

"The UAE is keen to adopt AI and Blockchain technologies in all the economic, health, educational and other vital sectors. It seeks to boost cooperation and forge partnerships between the various government, federal and local entities, international companies and startups in a bid to find effective and innovative solutions and make a positive impact."

Earlier this year, Vice President and Prime Minister of UAE and Ruler of Dubai Sheikh Mohammad Bin Rashid Al Maktoum launched the Emirates Blockchain Strategy 2021. As part of this initiative, 50 percent of government transactions will adopt blockchain technology over the next three years.

In September, the Smart Dubai Office (SDO), in collaboration with the Dubai Department of Finance, launched a blockchain-powered ‘Payment Reconciliation and Settlement’ System in its efforts to upgrade its financial system.