At a meeting of the UAE Digital Economy Council attended by the Minister of State for Artificial Intelligence, Digital Economy and Remote Work, he revealed that nine UAE banks, six UAE exchange houses and three UAE insurance companies have begun using blockchain-based solutions in the past few months.

Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, confirmed that the UAE government is adopting a proactive approach based on designing visions and goals, as well as developing and implementing initiatives and projects that lay the foundations of the pioneering digital economy. This economy combines national skills and technological solutions, and constitutes an advanced model that contributes to achieving the goals of the National Strategy for the Digital Economy, by doubling the contribution of the digital economy to the non-oil GDP over the next decade.