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Blockchain technology is UAE’s key focus for future

Blockchain technology is UAE’s key focus for future

UAE has created blockchain technology a key focus for its future ways and presently building a localized scheme to create it a world blockchain hub. The United Arab Emirates has launched the world’s costliest modern postage to celebrate the fiftieth day of remembrance of the country’s Foundation Day. Emirates Post Group, a government-owned post office, launched the primary edition of the fashionable postage stamp with four editions. Every physical stamp within the assortment comes with a digital version.



Modern postage stamp



the foremost expensive edition is that the “Golden day of remembrance 2021,” that features a total of 2021 items and costs a 2021 AED ($550 USD). Every stamp contains one gram of gold.



The second stamp is named the “Spirit of the Union 1971,” that symbolizes the institution of the UAE by the initiation fathers. Guess what, the third stamp is “Year of the fiftieth 2021” whereas the fourth is that the “Projects of the 50th 2071,” representing the futurist vision of the UAE.



The opposite 3 collections are comparatively cheaper and value regarding 250 AED ($68) for every Non-Fungible Token (NFT) postage stamp.



What’s the thought behind the postage stamp?



Cointelegraph reached out to the chief executive officer of the post cluster Abdullah Al Ashram to know the thought behind the launch of digital collectible postage stamps. Ashram explained that the choice was created to celebrate the day of remembrance of the initiation Day and anyone from round the world should buy it.



It’ positively an area of the broader strategy, and blockchain is the key to several comes at Emirates Post group. The launch of the NFT postage stamps made the Emirates Post cluster the sole p within the Middle East and geographical region to try to do so. Blockchain has become a key a part of UAE’s business strategy over the past year.

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