
<p>There is simply too much technological value and money being left on the table by not adopting blockchain technology for everyday businesses and government processes. This means we are likely to see rapid adoption in the coming years, with some countries already preparing themselves for this explosion in growth. This was one of the points of discussion at a recent panel held at the <a href="https://coingeek.com/vip-reception-in-uae-ras-al-khaimah-to-shine-light-on-bsv-blockchain-adoption-in-the-middle-east/" target="_blank" rel="noopener">VIP Reception event in Ras Al-Khaimah</a> in the United Arab Emirates. The panel included:</p>



<ul class="wp-block-list">
<li><a href="https://www.linkedin.com/in/parimal-p-8491a8227/" target="_blank" rel="noopener nofollow">Parimal Priyadarshi, VP of Product NU10 Technologies</a></li>



<li><a href="https://www.linkedin.com/in/dr-alia-sadawi-199818a1/?originalSubdomain=ae" target="_blank" rel="noopener nofollow">Dr Alia Sadawi, Researcher at the American University of Sharjah</a></li>



<li><a href="https://www.linkedin.com/in/saeed-alhebsi-111b327b/?originalSubdomain=ae" target="_blank" rel="noopener nofollow">Saeed Mohammed Al Hebsi, Advisor in AI and Senior Project Manager for the UAE Ministry of Human Resources and Emiratisation (MOHRE)</a></li>



<li><a href="https://www.linkedin.com/in/alhemairym/" target="_blank" rel="noopener nofollow">Dr Mohamed Al Hemairy, Head of the Technology Transfer Office at the University of Sharjah</a></li>



<li><a href="https://bitcoinassociation.net/ahmed-yousif/?__hstc=263735315.e0062f3468b605b3aef1a712602fe08e.1658226232535.1688025851241.1688033838893.408&amp;__hssc=263735315.15.1688033838893&amp;__hsfp=3685872260" target="_blank" rel="noopener">Ahmed Yousif, Middle East Lead, BSV Blockchain for Government Initiative</a></li>
</ul>



<p>Starting the discussion, Priyadarshi said that blockchain effectively brings ‘three T’s’ to the table – trust, traceability and transparency. He added that an estimated $1.6 trillion in the global economy is set to be unlocked by blockchain in the next seven years. Priyadarshi specifically highlighted India as a country which is well poised and is set to see its economy rapidly expand in the coming years thanks to the advantages of blockchain technology. Priyadarshi noted that blockchain is not about cryptocurrency and that the moment people start <a href="https://bitcoinsv.academy/blog/what-is-the-difference-between-bsv-and-cryptocurrency?__hstc=263735315.e0062f3468b605b3aef1a712602fe08e.1658226232535.1688025851241.1688033838893.408&amp;__hssc=263735315.15.1688033838893&amp;__hsfp=3685872260" target="_blank" rel="noopener">differentiating blockchain from cryptocurrencies</a> and fad <a href="https://bsvblockchain.org/news/blockchain-nfts-properties-value-proposition-applications/" target="_blank" rel="noopener">NFTs</a>, blockchain will start receiving its due credit.</p>



<h2 class="wp-block-heading" id="h-blockchain-for-vaccines-and-the-healthcare-sector">Blockchain for vaccines and the healthcare sector</h2>



<p>While the BSV blockchain is often viewed through the lens of how it can benefit the banking and payment sectors, some of the <a href="https://bitcoinsv.academy/blog/healthcare-businesses-developing-on-the-bsv-blockchain?__hstc=263735315.e0062f3468b605b3aef1a712602fe08e.1658226232535.1688025851241.1688033838893.408&amp;__hssc=263735315.15.1688033838893&amp;__hsfp=3685872260" target="_blank" rel="noopener">biggest advantages of the protocol are set to be seen in the healthcare sector</a>, said Dr Sadawi. Sadawi specifically pointed to the COVID pandemic and the value of having an <a href="https://bsvblockchain.org/news/the-bsv-blockchain-inherent-privacy-accountability-security-scalability/" target="_blank" rel="noopener">immutable ledger</a> to track and trace information and the distribution of vaccines. While global concerns around COVID have largely subsided, Sadawi said that there is still a clear use case for the technology. ‘After taking the vaccine, there are potential symptoms which might happen. These vaccines were developed by big companies, and while we appreciate their work and the resources they have put into the project, it was developed very fast.’ ‘We really appreciate the work that these companies have done but we are trying to follow up on any symptoms that people may have suffered from, whether they are normal healthy people or people with special needs. And link those symptoms to the cold <a href="https://bsvblockchain.org/news/ipv6-plus-blockchain-model-takes-on-supply-chain-inefficiencies/" target="_blank" rel="noopener">supply chain</a> of the vaccine. We want to know if a symptom occurs randomly or if it is associated with a certain company, or if it is associated with a certain lot of that company’s vaccine.’ ‘We are linking a mesh of information that helps the health sector on following up on the vaccine aftermath symptoms.’</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Improving public services with blockchain | RAK VIP Reception 2022" width="500" height="281" src="https://www.youtube.com/embed/gJVTFc_mKPE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<h3 class="wp-block-heading">Blockchain in governance</h3>



<p>Saeed Mohammed Al Hebsi said that the entire United Arab Emirates has a <a href="https://bsvblockchain.org/government/blockchain-for-government-initiative/" target="_blank" rel="noopener">clear strategy</a> for how it plans to adopt and deploy blockchain technology in the coming years. This includes three key pillars:</p>



<ul class="wp-block-list">
<li>To be international leaders in blockchain technology;</li>



<li>To create interest in blockchain and <a href="https://bsvblockchain.org/news/blockchain-the-protocol-of-value/" target="_blank" rel="noopener">Artificial Intelligence</a>;</li>



<li>To improve <a href="https://bsvblockchain.org/news/the-best-way-for-governments-to-think-about-adopting-blockchain/" target="_blank" rel="noopener">government efficiency</a>.</li>
</ul>



<p>This includes a plan to move 50% of government processes on-chain. He added that all of the emirates are moving together on this countrywide plan, with no specific region or city leading development necessarily. Mohammed Al Hebsi said that the first step in this process was creating awareness, followed by a plan to educate and train employees within the government about using the BSV blockchain. ‘It is not only looking to follow the trend where people around the world are saying let’s move to blockchain. No, this has been a very clean and clear strategy from the government since the start.’ He added that the ultimate goal is to go paperless while increasing efficiency and decreasing costs at the local government level.</p>



<h3 class="wp-block-heading">Improving customer service with blockchain</h3>



<p>This was echoed by Dr Mohamed Al Hemairy who noted that any government has to grapple with thousands of transactions as they have many employees and clients to serve. ‘All these transactions should be traced with the goal of increasing performance, decreasing costs and having better service. Any time there are complaints from customers it always comes down to unclear fees or they are not happy with the timing, or quality of service. ‘Currently, there is no way to see where the transaction is. Why it has been delayed or if there is corruption in the process. With the blockchain, we have an open and public ledger that is also decentralised and something you can trust. Nobody can insert invalid records. This makes everyone equal and everyone knows what they have to do.’</p>


The areas where blockchain is about to see explosive growth

Ready to add blockchain solutions to your business or government agency?

Get this ebook

The BSV blockchain an enterprise cybersecurity framework (eBook)

Your introduction to the Metaverse (eBook)

Revealed: The fallacy of private, permissioned blockchains

What is Blockchain? (eBook)

A comprehensive approach to blockchain energy efficiency 

Engineering a Smarter and Greener Financial World with Tokenovate

Get this report

The BSV Blockchain Barometer Report 2023

Grow your knowledge now

Revolutionising agriculture in the digital age

Examine blockchain-powered law enforcement

Innovating Justice

Restoring the promise of enterprise blockchain (eBook)

What the BSV blockchain is and why it is the infrastructure for the data economy (eBook)

What is Bitcoin? (eBook)

BSV Blockchain Resources

Useful eBooks to download

View all videos

How blockchain is changing money and data forever | RAK VIP Reception 

Showcasing BSV blockchain Applications & Products | RAK VIP Reception

Creating a new financial system in Uganda | In the Spotlight – Reginald Tumusiime

How VXPASS uses the BSV blockchain to keep people safe | In the Spotlight – Dr Katherine Lephoto 

Videos

Hear experts talk about the BSV Blockchain

Download package

Branding Materials

Join Our Community

Learn

Build

Network

Enterprise

Community

Company

Association