The UAE Digital Economy Council has established a Blockchain Subcommittee

During the first meeting of the UAE Digital Economy Council, chaired by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, seven subcommittees were established, including one for Blockchain, another for Fintech, and yet another for investing in digital economy.

The first meeting, which focused on consolidating the UAE’s status as a global hub for the digital economy and a platform for digital innovation to boost the national economy, emphasized the significance of empowering national talents to excel in technological fields and increasing the digital economy’s contribution to non-oil GDP.

During the meeting, the council approved the formation of seven subcommittees led by council members to cover all objectives of the UAE’s digital economy strategy in areas such as technological infrastructure and blockchain, e-commerce, financial technologies, investment in the digital economy sector, attracting talent, and supporting start-ups.

In addition, a committee specializing in digital economy statistics and preparing an annual report to monitor the performance and indicators of the digital economy in the UAE and assure its sustainable growth was established.

In addition, the council reviewed strategic performance indicators for the digital economy and methods to strengthen the UAE’s global standing in the development of the future digital economy model.

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