UAE’s AI office and ADCB showcase future in banking via AI and Blockchain

The Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications Office in collaboration with Chainalysis, the leading company in providing blockchain data and analysis to governments, banks, and businesses worldwide, organised a training programme for Abu Dhabi Commercial Bank’s (ADCB) employees and directors at the Coders HQ, as part of the National Programme for Coders initiatives.

To create a sustainable economy based on knowledge and innovation, Saqr Binghalib, Executive Director of the Artificial Intelligence Office, stated that using cutting-edge technology is a key priority in the UAE Government. These initiatives support the National Programme for Coders’ objectives to provide digital tools to the public and private sectors and to improve the learning environment for talented individuals.

Binghalib added that the programme aimed to build the capacities of the elite specialists on design solutions to ensure cyber security in various blockchain fields and enhance the readiness of talents to manage technology challenges with the best techniques.

The programme began with a workshop led by Khalid Al Naeemi, Project Manager in the Office of the Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications. He discussed the UAE National Strategy for Artificial Intelligence, one of the many plans leading up to the UAE Centennial in 2071, and the UAE Digital Economy Strategy, which aims to inform participants of the UAE’s goals in the digital sphere and to set them on the path to success to make the UAE a leading nation.

Under the theme of “Future of Banking”, Chainalysis did the workshop to present a brief about blockchain and NFT, the future of blockchain in banking, and ways to enhance its techniques in the work models and utilisation in creating banking solutions. The course gives ADCB personnel exposure to AI and blockchain through this programme, enhancing their skills and generating investment opportunities to advance the banking industry.

The programme discussed the benefits of enhancing security with decentralised technology to process financial transactions and regulate virtual assets. Participants went on a tour of Dubai Future Labs and The Museum of the Future at the end of the programme.