Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Blockchain

Saudi arabian authorities are interested in blockchain tech

The Kingdom is considering the implementation of blockchain technologies in government systems as well as allowing the use of cryptocurrencies.

The use of crypto in the Kingdom of Saudi Arabia is something that is strongly considered by a Saudi government official. The kingdom has been discussing Web3 and Blockchain technologies for their use in government systems.

As per an Unlock media report, Prince Bandar Bin Abdullah Al Mishari, an assistant to the Minister of Interior for technology has insisted on more efforts towards the objective before the kingdom can fully implement and build blockchain-based solutions.

There have been several meetings, webinars that have discussed the implementation of blockchain in government, yet in my opinion, all these studies, and regulations cannot build solutions on blockchain, unless we have innovative talented people within these entities who can develop solutions utilizing blockchain, Web3, and cryptocurrencies.

He further suggested that the kingdom should collaborate with universities to develop a dedicated curriculum in blockchain and Web3. The prince insisted on gusting blockchain experts to work with universities across Saudi Arabia to develop the said curriculum.

As per a recent survey, more than half of the citizens of Saudi Arabia want to be able to pay in cryptocurrencies for various purposes. The Saudi government is yet to make any concerning decision regarding the use of cryptocurrencies.

Featured

Bitcoin Mining

Despite a $72 million rescue offer from creditors, concerns have been raised about the general viability of the Bitcoin trading community amid a protracted...

Altcoin

Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...

Bitcoin

Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin...

Ethereum

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move...