The World Economic Forum (WEF) recently published a
whitepaper discussing the progress of blockchain deployment in the United Arab Emirates. The highlights include an expectation by the UAE government that it can save $3 billion using the technology, and that non-technical issues are the biggest obstacles to blockchain adoption.
The report was prepared jointly with the Centre for the Fourth Industrial Revolution UAE (C4IR UAE) and in collaboration with the Dubai Future Foundation.
A survey explored the top blockchain challenges for different types of organizations, and they were consistently non-technical issues. About 62% of government respondents said it was difficult bringing together diverse stakeholders. Meanwhile, corporates (67%) and blockchain service providers (62%) identified regulatory uncertainty as the biggest issue.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
