Blockchain technology : application, challenges, and future trends : case study of UAE

Abstract EN

The blockchain is a system for keeping a common electronic record of encrypted and decentralized financial transactions and contracts, as well as real assets and supply chain information.

the verification data related to transaction records are cryptographically secured and stored in blocks to ensure that this data is protected from hacking and piracy, as it has a high level of security data.

the United Arab Emirates is one of the first countries in the world to join the digital race that has applied blockchain to all administrative and economic transactions.

this was reflected in announcing paperless government transactions, as well as the largest global gathering of all science countries in expo Dubai 2020.