[ad_1]
According to an Iranian official, the integration of blockchain technology and cryptocurrencies could provide a much needed boost to the country's economy, according to the Tehran Times. Alireza Daliri, deputy head of managerial and resource development at the Vice-President for Science and Technology, said blockchain technology could provide Iran with a platform to coordinate with its international partners around the world, adding that over 100 countries were already reaping benefits from its wide range of applications.
While recognizing the certainty of countries that have expressed concern about the increasing risks of blockchain demand, Daliri believes that the positive aspects far outweigh the disadvantages he has, adding that his department is studying how to exploit the blockchain in the development of various aspects of the economy of the country in the future.
Iran wants its technology game
Speaking of how the blockchain application could help the economy, he stressed that technology-based growth is one of the most significant selling points of the blockchain, and it's something that every country will need.
"This is possible with the upgrading of the blockchain technology infrastructure with the help of the government and the private sector", Daliri underlined in the report.
To this end, he stated that it is essential for Iran to coordinate with other nations to ensure that they take advantage of some of the emerging technologies, including and particularly the blockchain.
Daliri and his views on cryptocurrency made headlines at the start of this year when he announced that the Iranian government was already laying the groundwork for the development of a national digital currency in the country. He claimed that the cryptocurrency would be used as support for the Rial, the country's legal currency, providing a means for the country's financial institutions to negotiate with their international partners, circumventing the economic sanctions imposed by the United States.
As a direct consequence of the sanctions, the main exchanges of cryptocurrencies like Binance have moved to kick-start the Iranian users from their platforms as they too struggle to respect the sanctions and remain in the good books of the American government, especially considering the government still position unsolved on the regulation of cryptocurrency.
Shutterstock foreground image. Picture of Alireza Daliri from the Iranian government.
Get an exclusive cryptographic analysis by professional traders and investors on Hacked.com. Register now and receive the first month for free. Click here.
