UAE Blockchain Technology Market Overview, 2030

The UAE's blockchain technology market has been rapidly expanding as the country seeks to position itself as a global leader in digital innovation and smart infrastructure. The UAE government has made blockchain a central part of its digital transformation strategy, with the Dubai Blockchain Strategy aiming to make Dubai the first city in the world to conduct all government transactions using blockchain technology by 2024. This ambitious plan includes the creation of blockchain-based platforms to digitize government processes such as land registration, visa applications, and public procurement. The implementation of blockchain in public administration is expected to improve transparency, reduce bureaucratic inefficiencies, and eliminate corruption by providing secure, tamper-proof records. Blockchain also has the potential to improve the efficiency of cross-border trade and transactions by enabling secure, decentralized systems for financial and legal documentation. The UAE’s government is not just using blockchain for public services but is also actively promoting blockchain adoption across private sectors, including banking, real estate, healthcare, and logistics. In the financial sector, the UAE is home to one of the world’s largest blockchain-powered payment systems, with banks like Emirates NBD and Abu Dhabi Commercial Bank investing in blockchain-based payment solutions. The use of blockchain in financial transactions, particularly for cross-border payments and remittances, offers significant advantages, such as reduced costs, faster transaction speeds, and improved security. Dubai’s International Financial Centre (DIFC) has created a regulatory framework that supports the development of blockchain technology, attracting fintech companies and startups focused on creating innovative blockchain solutions. In addition, the UAE Central Bank is exploring the potential of Central Bank Digital Currencies (CBDCs) and has launched a blockchain-based digital currency project with Saudi Arabia to facilitate real-time cross-border payments.

According to the research report, " UAE Blockchain Technology Market Outlook, 2030," published by Bonafide Research, the UAE Blockchain Technology Market is anticipated to add to more than USD 52.14 Billion by 2025–30. The UAE is also actively promoting blockchain in the real estate sector, where blockchain technology is being implemented to streamline property transactions, reduce fraud, and enhance transparency. Blockchain’s ability to create an immutable and transparent ledger makes it a perfect fit for real estate transactions, where fraud and legal disputes often arise. The UAE’s real estate market, which has been prone to overregulation and lack of transparency, is adopting blockchain solutions to create smart contracts for property deals, allowing buyers and sellers to interact directly with enhanced security and speed. The government of Dubai has introduced the Dubai Land Department’s blockchain initiative, which allows real estate transactions to be recorded on a secure digital ledger, reducing paperwork, transaction time, and the risk of errors or fraud. Furthermore, blockchain is playing a role in the UAE's efforts to improve supply chain management, especially in the logistics and trade sectors, which are vital to the UAE’s economy. By using blockchain to track and verify the movement of goods, businesses can improve operational efficiency, reduce fraud, and ensure the authenticity of products. The UAE’s port authority, DP World, has been a pioneer in adopting blockchain for logistics, working on blockchain-based systems to enhance port operations, increase supply chain visibility, and streamline international trade. In the healthcare sector, blockchain is being used to improve patient data management, ensuring the security and privacy of medical records while enabling secure sharing of information between healthcare providers. As part of its strategy to become a global hub for blockchain innovation, the UAE has established initiatives such as the Dubai Blockchain Center, which promotes collaboration between government entities, private companies, and startups to advance blockchain applications. With strong government support, a forward-thinking regulatory framework, and increasing adoption across industries, the UAE is well on its way to becoming a blockchain powerhouse in the region and globally.

Blockchain technology in the UAE has seen rapid growth and adoption across various sectors, propelled by the government's commitment to becoming a global leader in innovation and technology. Service providers in the UAE, including application and solution providers, middleware providers, and infrastructure & protocol providers, are central to the country’s blockchain ecosystem. Application and solution providers have tailored blockchain-based applications to meet the unique needs of the UAE's industries, such as government services, healthcare, real estate, and finance. These solutions help automate processes, reduce costs, and enhance transparency in sectors that are crucial to the nation’s economy. Middleware providers play an important role in ensuring the seamless integration of blockchain solutions with existing enterprise systems, creating interoperability and enabling organizations to adopt blockchain technology without disrupting their operations. Infrastructure and protocol providers in the UAE are key to developing and maintaining the foundational blockchain networks and protocols that support the country’s growing demand for decentralized applications (dApps). These providers focus on building secure, scalable infrastructure that supports industries like banking, government, and logistics, ensuring the reliable operation of blockchain-based systems. The UAE’s focus on becoming a global hub for blockchain technology is further supported by initiatives such as the Dubai Blockchain Strategy and the UAE Blockchain Strategy 2021, which aim to promote the widespread adoption of blockchain technology across the public and private sectors. As a result, blockchain service providers in the UAE are playing an increasingly important role in the country’s transition to a more digital and decentralized economy.

The UAE has seen the adoption of blockchain technology across a range of applications, with significant use in financial services, government, and healthcare. The BFSI sector in the UAE has been one of the most proactive in implementing blockchain solutions. Blockchain’s potential to streamline financial services, reduce fraud, and enable faster and more secure transactions has led to its integration into the banking system, facilitating real-time cross-border payments and secure digital asset management. Moreover, blockchain is being used to enhance transparency in financial transactions, improving trust between banks and their clients. Smart contracts are gaining traction in industries such as real estate, logistics, and government services, where they are being used to automate processes and reduce the need for intermediaries. These self-executing contracts enable faster and more secure transactions, ensuring that the terms of agreements are automatically fulfilled once conditions are met. The UAE government has also been at the forefront of blockchain adoption, particularly in the public sector. Government departments are leveraging blockchain to enhance transparency, improve digital identity management, and streamline public services. Blockchain is being used for land registration, voting systems, and document management, ensuring that records are immutable and secure. The healthcare sector in the UAE is also utilizing blockchain for patient data management, improving security, and enabling seamless sharing of patient information across healthcare providers. Additionally, blockchain is being explored for use in supply chain management, where it helps track goods, enhance logistics efficiency, and reduce fraud. The UAE’s blockchain strategy aligns with its broader goal of fostering innovation and becoming a global leader in the technology sector.

Blockchain technology is gaining widespread adoption across various industries in the UAE, affecting both large enterprises and small to medium-sized businesses (SMEs). Large enterprises in sectors such as banking, logistics, and real estate are driving the adoption of blockchain solutions to improve efficiency, transparency, and security. In the banking sector, large enterprises are using blockchain for secure financial transactions, cross-border payments, and to provide more efficient digital asset management. Similarly, in logistics and supply chain management, blockchain is being used to improve traceability and transparency, allowing businesses to track the movement of goods and reduce fraud. Blockchain technology also plays an important role in the real estate sector, simplifying property transactions and ensuring the security and transparency of ownership records. For small and medium-sized enterprises (SMEs), blockchain provides a cost-effective and scalable solution to enhance security, streamline operations, and reduce costs. These businesses are increasingly adopting blockchain for applications such as digital identity management, payment processing, and supply chain management. The UAE government is actively supporting the adoption of blockchain among SMEs through initiatives such as the Dubai SME 100 program, which promotes the use of advanced technologies to foster growth and innovation among small businesses. Blockchain technology also benefits SMEs by reducing transaction costs, increasing operational efficiency, and enhancing data security. As the UAE continues to position itself as a global blockchain hub, the government’s focus on fostering innovation and supporting both large enterprises and SMEs is likely to drive further blockchain adoption. This holistic approach to blockchain adoption, from large enterprises to SMEs, helps position the UAE as a leader in the global blockchain market.



Blockchain technology is increasingly being integrated into multiple industries in the UAE, with significant adoption seen in sectors like BFSI, healthcare, government, and retail. In the banking and financial services sector, blockchain is revolutionizing the way transactions are conducted, making them faster, more secure, and cost-efficient. Financial institutions in the UAE are leveraging blockchain to streamline cross-border payments, manage digital assets, and enhance transparency in financial transactions. Additionally, blockchain is being adopted for secure KYC (Know Your Customer) processes, reducing fraud and improving regulatory compliance. The UAE government has been one of the most active promoters of blockchain adoption in the public sector. It has implemented blockchain-based solutions in several areas, including digital identity verification, land registration, and healthcare services. For instance, Dubai’s Land Department has successfully integrated blockchain into its real estate transactions, allowing buyers and sellers to conduct secure, transparent property transactions. In the healthcare sector, blockchain technology is being used to manage patient records, ensuring that sensitive information is secure and accessible only to authorized parties. Blockchain's role in improving supply chain transparency is also notable, with several UAE-based companies adopting the technology to enhance the tracking of goods and reduce fraud. Additionally, in the retail sector, blockchain is being explored for inventory management and ensuring product authenticity, allowing consumers to verify the source and quality of the products they purchase. As these industries continue to embrace blockchain technology, the UAE is well on its way to becoming a global leader in the use of blockchain across both public and private sectors.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Blockchain market with its value and forecast along with its segments
• Region & country wise Blockchain market analysis
• Segment wise Blockchain Market
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Service Provider
• Application and Solution Provider
• Middleware Provider
• Infrastructure & Protocol Provider

By Application
• Payment and Transaction
• Smart Contract
• Digital Identity
• Documentation
• Exchanges

By Organization Size
• Large Enterprise
• Small and Medium Enterprise

By End Users
• BFSI
• Government
• Healthcare
• Media & Entertainment
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, Key and innovative vendors related to Blockchain industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.