Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-04-23 06:17:33

Saudi Arabia Is Evaluating the Use of Blockchain in Government

According to a report citing a government official, Saudi Arabia is considering implementing the usage of cryptocurrencies and the adoption of blockchain throughout the kingdom. According to the report, the kingdom has also discussed Web3 technologies and how they can be used. Despite this, the official, Prince Bandar Bin Abdullah Al Mishari, an assistant to the Minister of Interior for technology, is reported in an Unlock Media report saying that more work is needed before Saudi Arabia can successfully construct blockchain-based solutions. Meanwhile, Al Mishari proposed that the kingdom not only hire blockchain professionals but also “engage with institutions to build [a] curriculum in blockchain and Web3.” While the Saudi government has yet to decide on cryptocurrencies, a recent poll found that more than half of the country’s citizens feel they should be utilized for payment.The post Saudi Arabia Is Evaluating the Use of Blockchain in Government first appeared on Cryptoknowmics-Crypto News and Media Platform.The post Saudi Arabia Is Evaluating the Use of Blockchain in Government appeared first on Cryptoknowmics-Crypto News and Media Platform.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer