NEM [XEM] get one step closer to United Arab Emirates after signing a cooperation pact

NEM Foundation recently signed a cooperation pact with United Arab Emirates [UAE] Ministry of Community Development [MOCD]. The pact will allow NEM to provide its blockchain consultation service to the ministry. Furthermore, the parties have also agreed to exchange valuable information, knowledge and recent updates on the emerging technologies in the blockchain platform.

According to the Medium report, Assistant Under-Secretary – Policies Sector at UAE’s MOCD, Sana Mohammad Suhail signed a Memorandum of Understanding [MoU] with NEM Foundation Council Member and Regional Head of NEM Southeast Asia, Stephen Chia.

During the Gulf Information Technology Exhibition [GITEX] held in Dubai, NEM and UAE’s MOCD reportedly signed the cooperation pact. Furthermore, the signing of the pact was done in order to improve the strategies of the UAE federal government.

This would enable their citizens to have a better standard of living and provide community services in a very sustainable, innovative, and high-quality manner. In addition, the pact will enable UAE to move towards their long-term goals which is to become a fully digital government by 2021.

NEM Foundation Council Member and Regional Head of NEM Southeast, Stephen Chia stated that the collaboration with MOCD was one of the many engagements by the NEM UAE team, with the Dubai government and UAE administration implementing blockchain technology in their systems. Chia further added:

“We, at NEM look forward to support the Dubai government in their vision to be a fully digital government by 2021, and their goal of being world’s first blockchain powered city by 2020.”

Sana Mohamed Suhail stated that MOCD’s main agenda was to promote social work which would help them achieve community coexistence. This could be achieved through the development of integrated policies and creating provisions for innovative social work. She further added:

“Combining the above mentioned with a stimulating working environment that is in accordance with the best international standards is to satisfy all the demands and needs of the community categories and ensure their access to easy and fast services.”

Furthermore, MOCD’s attempt to actively communicate with their customers will be assured by the NEM blockchain platform. In addition, the adoption of blockchain technology comes within a wide range of developmental programs initiated by the MOCD in order to satisfy the needs and expectations of their customers.

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