The Ruler of Dubai and Prime Minister of UAE has operationalized innovative labs aimed to predict the future of Blockchain, along with aviation, entrepreneurship, and energy, which will be overseen by the Dubai Future Foundation.
Sheikh Mohammed bin Rashid Al Maktoum said, “Our end goal is to make these labs a hub for launching future-oriented innovations that will eventually upgrade our business and service sectors. These labs will support the UAE Centennial Plan 2071 and will lay the foundations for building a global centre to test future innovations of the country.”
He also added to iterate the support for the government and private collaborations in order to ascend the work and achievement and create new ideas that provide promising economic opportunities. The ruler also aims to support entrepreneurs, national, and global talents and called on the authorities to adopt the notion of future-forecasting labs and assist in developing national cadres. Furthermore, involve them in the implementation of future strategies, as well as intensify their participation in the nation’s economy.
“Embracing this concept will also support innovative and forward-looking ideas, and keep the national cadres updated on the latest global trends, and will help benefit from international experiences and successful practices through a partnership with research centres Scientific and industrial institution,” he added.
The Blockchain lab will be the first of its kind. It will bring together the government entities and blockchain technology providers to promote the use of the tech in producing products and services by creating a testing environment in partnership with entrepreneurs and specialized companies in AREA 2071. It intends to sustain the global innovation system, expedite practical achievement, and adopt smart and future technologies such as blockchain, artificial intelligence, IoT, machine learning, and others.