'UAE leading the way in ensuring AI deployment is secure, accountable and responsibly governed'
6 May 2025 01:14
SARA ALZAABI (ABU DHABI)The Advanced Technology Research Council (ATRC) and the UAE Public Prosecution launched the inaugural Governance of Emerging Technologies Summit (GETS), running until May 6 at the St. Regis Abu Dhabi.
More than 500 leaders around the world gather at this event to set an ethical and legal framework for artificial intelligence (AI), quantum computing, as well as Web3 technologies.
Aletihad spoke to several speakers and participants at the summit, including Dr. Mohamed Al Kuwaiti, Head of the UAE Cyber Security Council (CSC), who spoke about the growth of AI in the UAE.
"In the UAE, thanks to our wise leadership, we are firmly on track to becoming a global leader in artificial intelligence, with major initiatives such as integrating AI into education and expanding its use across daily life and government services."
Acknowledging the challenges that come with such rapid progress, Dr. Al Kuwaiti noted: "Indeed, there are challenges and threats, and we referred in our speech today to some cyber-crimes, such as cyber-terrorism and cyber-wars, which could affect the stability of infrastructure if it is hacked or sensitive data is tampered with."
He commented on the pace at which the tech landscape is evolving: "In light of rapid development, we see new technologies every day: today artificial intelligence, tomorrow quantum computing, then cloud computing, and finally autonomous artificial intelligence systems, which are being closely monitored by key international agencies."
Dr. Al Kuwaiti further explained how the UAE is already laying the groundwork for the Fifth Industrial Revolution through a national strategy of agile governance and innovation.
He added that this strategy also focuses on strengthening cybersecurity, advancing autonomous technologies, as well as building global partnerships to ensure both progress and digital sovereignty.
As a strategic partner of the event, the UAE Public Prosecution highlighted a range of pioneering technological initiatives, "such as an intelligence legal assistant that provides accurate and instant responses", said Khalifa Al Hammadi, Assistant Public Prosecutor.
The digitisation of legislation converts legal texts into analysable digital formats, he explained.
Al Hammadi added: "The digital criminal system which manages cases electronically from the moment a report is filled until a judgement is issued, and the smart prosecution gateway which enables the resolution of minor criminal cases at border points before travel, these projects reflect our vision of enhancing technology and artificial intelligence to serve people and enhance the efficiency of the judicial system."
Dr. Abrar Abdulnabi, Director of AI at Saal.ai in Abu Dhabi, drew attention to the urgent need for regulating artificial intelligence development and deployment during her participation at the summit.
"The whole summit is about how to govern AI implementation and practices. The UAE is making an international call to action: we need to do something about how we govern AI development and implementation," she said.
She noted that the event's overarching theme revolves around creating systems that are "transparent, fair, and implemented without bias", adding, "You have heard many speakers echoing this same concern."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
7 hours ago
- Khaleej Times
Dubai is taking a leadership role in real estate tokenisation
Dubai is taking a leadership role in the Middle East in real estate tokenisation that, according to Dubai Land Department, will reach to a market value of Dh60 billion ($1 billion), while the global real estate tokenization market is expected to reach $18.9 trillion by 2033. Nisus Finance Investment Consultancy FZCO (NiFCO Dubai) said, it has signed a Memorandum of Understanding (MoU) with Xchain Technologies FZCO (Toyow), a leading blockchain-based forensic and advisory firm, for the tokenisation of funds and assets worth up to $500 million (Dh1.83 billion), as the market shifts towards Web3 technology. Nisus Finance plans to conduct a Security Token Offering (STO) of its real estate assets under management (AUM) through Toyow's marketplace. Toyow will provide end-to-end technical support, including smart contract development, blockchain integration, and regulatory alignment. The news comes a few days after Dubai Land Department (DLD) launched the region's first tokenised real estate investment project through the 'Prypco Mint' platform. The initiative is being implemented in partnership with Prypco. These are in line with the UAE's futuristic national vision focusing on technology and innovation. The news comes a few days after the DLD launched the region's first tokenised real estate investment project in collaboration with the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation (DFF). With DLD projecting tokenised real estate transactions to reach Dh60 billion by 2033 — or 7 per cent of the total market — Dubai is clearly positioning itself as a global hub for asset tokenisation. 'This MoU will help us develop real estate funds on the Web3 blockchain technology platform – that is set to revolutionise investment in real estate in the future,' Amit Goenka, Chairman and Managing Director of Nisus Finance Group (NiFCO), said. 'This would be our first such venture and depending on how the market responds, will usher in a new era in the UAE's high-growth real estate market. 'STO on a Web3 platform is secure, transparent and set to drive future real estate investment. Property developers are already introducing cryptocurrency and tokenisation as new channels of payment and raising funds. We are taking it a step forward by creating funds to accelerate the growth of the real estate market.' Tokenised private real estate funds are projected to grow to $1 trillion by 2035, with a total market penetration rate of 8.5 per cent. The tokenised ownership of loans and securitisations could grow to $2.39 trillion by 2035, with a total market penetration rate of 0.55 per cent, according to a report by the global business advisory firm Deloitte. As per the MoU, Xchain Technologies FZCO will tokenise Nisus Finance's Real Estate Assets Under Management (AUM) worth up to $500 million (Dh1.83 billion) as security tokens on Toyow, a global multi-category tokenised Real World Assets (RWA) marketplace. Toyow will leverage its platform to provide technical and operational support, including regulatory compliance across the UAE, DIFC, and international jurisdictions. Investors holding the Toyow Token will be able to invest in this fund using Toyow Token ($TTN). 'The tokenised real-world assets market (excluding stable coins) reached $15.2 billion by December 2024. This growth is fueled by a supportive regulatory landscape, technological advancements, and increased investment from financial institutions,' according to reports. The growth in real estate tokenisation is driven by several factors, including: increased institutional Interest; clear regulatory support; technological maturation; investment opportunities as tokenisation allows for fractional ownership and access to real estate for a wider range of investors, including those with lower investment capital. Surajit Chanda, Co-founder, Toyow, says, 'Partnering with Nisus Finance on an STO of this scale underscores the growing maturity of real-world asset tokenization in the region. At Toyow, our mission is to unlock liquidity and access for high-quality assets by offering a secure, compliant, and scalable infrastructure. This collaboration reinforces our belief that institutional-grade tokenization is no longer a concept—it's here, it's accelerating, and it's changing how capital flows into real estate.' Toyow will also manage investor onboarding and KYC/AML compliance, provide secure wallet and custody infrastructure, and enable both primary issuance and secondary trading of the tokenised assets—all within a seamless, compliant ecosystem designed for institutional-grade scalability. Toyow is redefining access to real-world assets by enabling the tokenisation of categories like real estate, art, precious metals, alternative investments, and more, on-chain. Built for institutional-grade compliance and scalability, Toyow enables asset owners to digitise, fractionalise and monetise high-value assets, while offering investors secure, transparent access to global investment opportunities through a liquid, blockchain-powered marketplace. The partnership is part of Toyow's growing tokenisation pipeline valued at over $38 billion across multiple asset classes and jurisdictions globally. As per the MoU, Toyow will list the tokenised real estate assets on its marketplace for primary and secondary trading, while managing liquidity mechanisms for the secondary trading of security tokens. In addition to these, Toyow will also oversee marketing, investor outreach, and awareness campaigns for the STO, in addition to providing a secure wallet infrastructure and custody solutions for tokenised assets. It will also handle all aspects of investor onboarding and operational execution for the STO, including customer support and transaction management. Disruptive technologies, such as asset tokenisation, are poised to transform real estate over the next few years. Built on blockchain technology, tokenisation converts physical or financial assets into fractional, digital representations that can be securely owned and traded online. 'Tokenised real estate could not only pave the way for new markets and products, but also give real estate organisations an opportunity to overcome challenges related to operational inefficiency, high administrative costs charged to investors, and limited retail participation,' according to a report by Deloitte. Tokenisation allows capital generation across the capital stack- including debt, equity, and hybrid funding on a single platform. Over the last eight years, since the first tokenised real estate deals were completed, tokenisation has helped open potential new avenues for real estate investment through fractional ownership, the report says. 'This technology could help build trillions of dollars of economic activity for the real estate sector over the next decade, in part, by allowing it to expand its investor base and product offerings. The Deloitte Center for Financial Services predicts that $4 trillion of real estate will be tokenised by 2035, increasing from less than $0.3 trillion in 2024, with a CAGR of 27 per cent,' it said.
Arabian Post
13 hours ago
- Arabian Post
Solana and Dubai Forge Strategic Blockchain Alliance
Solana Foundation has formalised a partnership with Dubai's Virtual Assets Regulatory Authority , marking a significant step in integrating blockchain innovation within the emirate's regulatory framework. The Memorandum of Understanding , signed on 3 June 2025, outlines collaborative initiatives aimed at fostering a robust crypto ecosystem in Dubai. Central to this alliance is the establishment of the Solana Economic Zone in Dubai, envisioned as a hub for developers, entrepreneurs, and startups operating on the Solana blockchain. This zone is designed to provide access to Dubai's progressive regulatory environment, including sandboxes and talent networks, positioning the city as an attractive destination for international Web3 projects. The partnership encompasses talent development programs, regulatory workshops, ecosystem research, and market insight sharing. Solana Foundation and VARA plan to co-host events, offer policy guidance, and support Solana-based startups in or relocating to Dubai. An integral component of the agreement is the sharing of anonymised data to evaluate the impact of digital assets on employment and economic growth within the UAE. ADVERTISEMENT Lily Liu, President of Solana Foundation, emphasised the strategic importance of this collaboration, stating that it represents a new chapter for Solana in the MENA region. She highlighted Dubai's leadership in regulating and fostering digital assets, noting that the partnership bridges builders and regulators in one of the fastest-growing crypto hubs globally. Henson Orser, CEO of VARA, welcomed the collaboration, reinforcing the authority's commitment to building a future-forward economy powered by innovation, trust, and inclusion. He acknowledged the potential of the Solana Economic Zone to attract international projects seeking to scale operations under a progressive regulatory framework. The announcement has had a positive impact on Solana's market performance. Following the news, the SOL token experienced a modest increase, trading around $160, with a 4% rise observed on the day of the announcement. Market analysts interpret this as a bullish signal for Solana's long-term outlook, reflecting growing confidence in the ecosystem and broader adoption.
Khaleej Times
17 hours ago
- Khaleej Times
How crypto is changing the way research is conducted
I was scrolling TikTok last week and landed on an influencer interviewing Chris Crecelius, founder of AxonDAO, at the Bitcoin conference in Las Vegas. It turns out Chris has been tackling medical problems with technology since 2013, long before he knew what crypto even was. One of AxonDAO's many projects allows people to make money from their own genetic information – something well-known predecessors in the DNA space charged us for and then made millions from. They apply the power of Web3 to improve the way science works, connecting regular people with digital replicas of their body. 'The idea is that we all possess something valuable for science, for humanity, and now that we can digitise our likeness as a perfect machine,' he explains in the video. 'We can test these things and understand how our body will react.' In this world, we would be able try out new medicines and therapies on our digital twin before taking them ourselves. The possibilities are almost endless. The crypto angle? You can invest directly in this project through tokens the company issues. (Full disclosure: AxonDAO's token is AXGT, and I have owned a little bit of it since last year) In this world, we would be able try out new medicines and therapies on our digital twin before taking them ourselves. The possibilities are almost endless. The crypto angle? You can invest directly in this project through tokens the company issues This is just one example of a world of opportunity that exists in decentralised science — or DeSci. This is a rapidly growing movement few ordinary people seem to know about, one that applies blockchain technology to how scientific research is funded, conducted, shared, and reviewed. It's not just technical innovation; it's a philosophical shift. And it might just fix what's broken. Blockchain — the tech behind Bitcoin and Ethereum — is essentially a tamper-proof, decentralised digital ledger. No single authority controls it. It's secure, transparent, and immutable – meaning it has never been nor can ever be changed. When applied to science, that means funding decisions can be made by the community. Research data can be verified, peer-reviewed and stored permanently. Contributors can be rewarded directly. And anyone can participate. The DeSci space is already buzzing with initiatives, many of which aim to solve long-standing issues in research: Democratising research funding: Instead of waiting for grants or institutional support, scientists can now raise funds directly from communities who care about their work. Decentralised Autonomous Organisations (DAOs) like VitaDAO and AthenaDAO let token-holders vote on what gets funded, and they can even earn a return if the research leads to viable products or therapies. Ensuring transparency: Traditional research is riddled with selective publication, hidden data, and academic bias. With blockchain technology, the whole process, from protocols to results, is open for scrutiny. Speeding up peer review and publishing: Platforms like ResearchHub are reimagining how research gets shared. Instead of costly, biased academic journals, blockchain-based review systems allow open access and community feedback, with contributors earning crypto tokens for participation. Expanding global collaboration: Blockchain removes institutional silos, enabling researchers around the world to connect and collaborate seamlessly. A scientist in Nairobi and one in Toronto could co-publish research in real time. RESPECTING DATA OWNERSHIP AxonDAO isn't the only one offering the chance for people to share their data. GenomesDAO offers individuals the ability to store and control their DNA data, with the option to share it for research and get compensated. This flips the script on major genomics companies that have profited from user data without offering anything back. Even intellectual property — one of science's biggest bottlenecks — is being rethought. The NobleBlocks project lets researchers tokenise their discoveries, creating tradeable IP assets that maintain ownership while enabling faster innovation. It's early days, but there are already more than 100 DeSci projects underway. There's PoSciDonDAO, focusing on sustainable development. HairDAO is researching hair loss. VitaDAO is all-in on longevity. AthenaDAO is dedicated to women – to closing the gender gap in medical research. What I find most compelling is how this space encourages participation. You don't have to be a PhD to contribute. You can fund projects, propose ideas, analyse data, or just help spread the word. For anyone who's ever felt left out of the scientific conversation, this is your invitation. What Chris Crecelius and others are building isn't just technical innovation. It's cultural revolution. By merging blockchain, AI and community governance, they're giving science back to the people. While many of these ideas may take years to scale, many projects will fail and others will soar – and no one knows who will emerge as the leader – the direction is clear: decentralisation isn't just a financial story — it's a scientific one. And just like blockchain and cryptocurrency are levelling the investing playing field, DeSci brings our health out of gate-kept government labs, questionable peer review practices and Ivy League universities, creating a light-filled space we can all find a way to be involved in.
