The industry of Blockchain and Cryptocurrency, after gaining significant impact over the economics of the world, has reached a very crucial point. The global market is not evolving fast enough to deferring large financial for blockchain and Cryptocurrency and preventing major companies to support their claims. Some of the development had made investors progressively familiar with this fact that they must not take any using or buying digital currency decisions for granted.
Undoubtedly, economic experts are confident about the hidden potential and power of this Cryptocurrency. Everyone is aware of the fact that it can bring solutions to many real-time issues and will earn its place in our everyday lives.
However, some popular events occurred in 2018 had turned the global eyes to the Middle East in regards to the development of Cryptocurrency. The event that earned the first place in the list is the launch of Emirates Blockchain Strategy 2021 in UAE in April 2018. This event highlighted the aim of the government – to switch 50 percent of their transactions onto the blockchain. With this significant change, UAE will be capable of saving 77 million working hours every year and 11 billion in transaction costs.