The Saudi Ministry of Communications and Information Technology recently partnered with ConsenSys, a Brooklyn-based production studio focused on building enterprise software products powered by Ethereum. The ministry co-hosted a “blockchain bootcamp” with ConsenSys as part of its efforts to support technological development.
According to the ministry, the three-day boot camp helped the participant to understand how blockchain technology works from both a business and strategy perspective, its applications and features.
Technologists from different firms were introduced to in-depth training on how to develop environment, build decentralized applications (DApp) with ethereum smart contracts and integrate the DApps with web applications.
During the boot camp, Dr. Ahmed Al-Thenayyan, deputy minister for the technology industry and digital capacities noted that the boot camp was in line with the MCIT’s 2020 action plan objectives to create a digital environment that entices, protects and improves skills in ICTs to promote development in the kingdom.
Lina Hediah, executive director, ConsenSys MENA.
“From guided exercises to coded examples, this bootcamp comes in response to the Ministry’s desire to enable the Saudi technical youth to learn about the key advantages of blockchain technology and its mechanism, as well as to adopt it in a responsible manner to make businesses more profitable. The aim of this workshop is to leverage Saudi Arabia’s untapped human resource potential, equip them with knowledge and insight, so they understand the power of blockchain and the current and future potential of its application.”
The Saudi central bank is also working with the United Arab Emirates central bank to issue a digital currency that would be accepted in cross-border transactions between the two countries. As the Saudi government continues to experiment with digital currencies, it signifies a transfer of focus from oil to emerging technologies, such as blockchain and digital tokens.
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