Shaping Dubai’s Digital Future: WBS Dubai

As the world continues to evolve digitally, Dubai has not been left behind. The city has been at the forefront of digital innovation, with WBS (World Blockchain Summit) Dubai playing a significant role in shaping its digital future. This article explores the impact of WBS Dubai on the city’s digital landscape.

The Role of WBS Dubai in Digital Transformation

WBS Dubai is a global series of elite gatherings that take place in 16+ destinations across the world. It connects global blockchain gurus and technology players in this space including emerging startups with regional businesses, government authorities, IT leaders, tech entrepreneurs, investors, and blockchain developers.

The summit has been instrumental in driving digital transformation in Dubai, fostering an environment of innovation and technological advancement. It has facilitated the exchange of ideas and collaboration between key stakeholders, paving the way for groundbreaking digital solutions.

Case Study: Dubai Blockchain Strategy

One of the most notable outcomes of WBS Dubai’s efforts is the Dubai Blockchain Strategy. Launched by His Highness Sheikh Hamdan, the strategy aims to transform Dubai into the first city fully powered by blockchain by 2020.

• The strategy focuses on three main pillars: Government Efficiency, Industry Creation, and International Leadership.
• It is expected to result in significant savings in terms of time, effort, and resources, with government documents projected to be transacted digitally under the strategy.
• The strategy also aims to foster a new blockchain industry, creating thousands of new job opportunities.

Statistics Highlighting the Impact of WBS Dubai

WBS Dubai’s impact on the city’s digital landscape is evident in various statistics. For instance, according to a report by the International Data Corporation (IDC), spending on blockchain solutions in the Middle East and Africa is set to increase from $38.9 million in 2017 to $80.8 million by 2021, a clear indication of the growing interest in this technology.

Furthermore, a study by PwC found that 77% of companies in the Middle East are planning to adopt blockchain for data management and transaction processing, highlighting the significant role of WBS Dubai in promoting blockchain technology.

Conclusion

In conclusion, WBS Dubai has played a pivotal role in shaping Dubai’s digital future. Through its efforts, the city is well on its way to becoming a global leader in digital innovation. The Dubai Blockchain Strategy is a testament to this, promising a future where blockchain technology is at the heart of all government operations. With continued support and collaboration, there is no doubt that Dubai will achieve its digital ambitions.