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The second symposium was held at the SQU in the presence of Dr Ali bin Saud al Bimani, vice chancellor of the SQU and other dignitaries.
The dott. Hamad Salim al Rawahi, CEO of the Telecommunications Regulatory Authority (TRA), outlined the general policies and guidelines of TRA and efforts to integrate the latest digital technologies and electronic services to promote communication, education, health and the country.
Blockchain is an emerging technology that can transform companies, industries and public organizations. Blockchain is a hash encrypted digital register technology, authenticated and managed through a distributed or shared network of participants using a group agreement protocol.
The members of the Oman Blockchain Club and the organizers of the Blockchain symposium expressed the opinion that Blockchain allows the exchange of peer-to-peer money directly without the need for a traditional financial intermediary or a third party, with cost transactions lower and high speed.
"Blockchain is a technology that transfers all types of information content faster, traceable and securely, and portable and adaptable to different types of applications and technologies: services, such as transfers of ownership, the execution of contracts , authentication services, network and device management, records management and supply chain management, could transform supply chains and government functions, including the central bank, which can use and benefit from the Blockchain, " Rawahi said.
The organizers have stated that the adoption of Blockchain technology in Oman could positively influence the country in different ways.
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