Dubai is an hub and therefore has to innovate if it wants to remain at the top of the pyramid; second, it is basically a city state, so rolling out this feature is easier and on the fast track.
My main concern about this is , as always, privacy. We'll see.
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Yes privacy could be an issue, but ObjectTech claimed that they are using blockchain tech to protect it. anyway, like you said we'll see how it turns out in the end