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The second annual meeting of the Government of the United Arab Emirates (UAE) is completed by the introduction of two initiatives related to blockchain and artificial intelligence (AI), reported the & réunion initiatives initiatives initiatives initiatives initiatives initiatives,,,,,,,,,,,,,,,,,,,. Emirates Emirates news agency on 28 November.
At the meeting organized by the government working group on AI and Blockchain, participants discussed strategies to attract foreign investment and create the necessary technological infrastructure, as well as potential challenges related to Adoption of blockchain and AI.
The meeting announced the launch of the AI Initiative and Channel Chain Guide, which aims to develop a standardized definition of technologies at the federal level and to introduce the concepts of AI and its deployment to the entities concerned.
The national capacity building program for AI and blockchain was also launched at the meeting. The program will provide academic courses and scholarships in AI and blockchain technologies under the Ministry of Education.
In addition, the program will offer special vocational training courses "at all professional levels and will seek to integrate artificial intelligence at different stages of education".
Omar bin Sultan Al Olama, Minister Delegate for Artificial Intelligence, commented on the initiatives taken:
"The UAE is keen to adopt AI and blockchain technologies in all sectors of the economy, health, education and others. It aims to strengthen cooperation and build partnerships between different governments, federal and local entities, international companies and startups, with the aim of finding effective and innovative solutions and having a positive impact. "
Participants underscored the importance of keeping pace with technological change and achieving the goal of the UAE becoming a leader in the adoption of AI by 2031 as part of the Global Strategy. artificial intelligence of the UAE. The government also aims to turn 50% of transactions into a blockchain platform by 2021.
Earlier this week, Abu Dhabi-based Al Hilal announced the finalization of "the world's first sukuk transaction" with the use of blockchain technology. Sukuk, a legal instrument also known as the "Sharia-compliant" obligation, allows investors to generate income without violating Islamic law. The transaction, which would cost $ 1 million, was sold by Al Hilal to a private investor.
In September, the Dubai Ministry of Finance joined forces with Dubai's smart office to launch a payment system powered by a chain of blocks called "Payment Reconciliation and Settlement." This system is designed to provide a more accurate and transparent governance process, as well as to enable real payments within and between government structures.
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