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TEHRAN – Blockchain technology can help improve the national economy, the head of the managerial development department of the vice president for science and technology, Alireza Daliri, IRNA reported on Saturday.
"This is possible with the upgrading of the blockchain technology infrastructure with the help of the government and the private sector," he explained.
The vice president of science and technology is responsible for development and hi-tech like the blockchain, he said.
"We should coordinate with other countries in the world in terms of new technologies and blockchain is one of the problems," he added.
Nowadays over 140 countries are now benefiting from blockchain technology across the world, he said.
Daliri then explained the meaning of blockchain, a chain of blocks for recording information, which is shared with all members of the blockchain network and no one can change it because of its strong cryptography.
Some governments worry about blockchain technology, but its benefits are more than damage, he explained.
The vice president decides to use this technology in various fields in the near future, he said.
Daliri said the blockchain would reduce bureaucratic procedures.
The vice president is doing his best to support and facilitate the activities of the private sector active in the field of blockchain technology.
In early December, a group of Tehran's technology blockchain experts from Sharif announced that they are developing a startup that will introduce the first taxi app based on the Iranian blockchain.
The founder of startup Amir Abbas Emami said he launched Initial Coin Offering (ICO).
The latest report of the European Union Blockchain Observatory and Forum (EUBF) states that, in order for the blockchain to realize its potential within government institutions, they must focus on the use of technology to build two elements: digital identity systems and digital versions of their national currencies.
"Digital identity is the key component and a key area on which governments can concentrate," the report reads. "Another important constituent … is having digital versions of national currency on the blockchain, for example through the digital currencies of the central bank based on blockchain (CBDC).
SB / MQ / MG
