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Major blockchain event opens in Oman

Blockchain Oman Forum to focus on potential of blockchain technology

Dr Salim Bin Sultan Al-Ruzaiqi, CEO of ITA, opened the Blockchain Oman Forum.
Dr Salim Bin Sultan Al-Ruzaiqi, CEO of ITA, opened the Blockchain Oman Forum.

The Blockchain Oman Forum opened in Muscat yesterday, to discuss the potential of blockchain to transform key economic sectors.

The event is being held under the patronage of His Excellency Abdullah Salim Al Salmi, Executive President, Capital Market Authority, and brings together over 100 senior professionals from ICT, banking and finance, energy and manufacturing.

The two-day forum, will address the key issues of blockchain implementation and challenges, future of blockchain, trends and opportunities for the Omani market, and Blockchain application for energy and utilities, banking and finance, and supply chain. It will also focus on the benefits of blockchain projects in boosting productivity, the impact of standardized planning and business partnering for the success of such projects.

The forum is supported by the Information Technology Authority (ITA) and organised by Business Processes Outsourcing Services (BPOS).

The event's agenda includes a number of presentations, use cases, panel discussions and working papers delivered by highly prominent international and local experts in blockchain technologies.

The event was opened with a keynote address by Dr Salim Bin Sultan Al-Ruzaiqi, CEO of ITA: "We believe that the Sultanate, through the development and implementation of the e.oman strategy, has the foundational technological base to embrace Blockchain and distributed ledger technologies broadly," Dr Al-Ruzaiqi said.

"The Government has demonstrated clear and decisive interest in using Blockchain technology in its digitalization efforts. We are looking closely at the technology itself and architecting how it can be adopted in the Government and beyond. We have identified a number of potential use cases within the Government and are actively engaged with their respective stakeholders to frame and architect pilots. This paves the way to productive deployment after tailoring the pilot solutions to sustainable productive use," he added.

Dr Omar Al-Rawas, Chairman of the Board of Directors of BPOS, said: "The conference's main objective is to build on the most important outcomes of the government conference held in November 2017 and the positive steps taken after it. Today, we seek to learn the correct application mechanisms for these technologies, and give international companies specialized in Blockchain technologies to identify local companies and transfer their expertise to them."