Oman establishes Blockchain Club

11/27/2017 4:34:23 AM

(MENAFN- Muscat Daily) Muscat- In the wake of the success of the recent Blockchain Symposium, organised by a number of government institutions, first Blockchain Club has been established.

This is in addition to establishing a dedicated Omani company specialised in the development, import and localisation of the blockchain technology in Oman, stated a press release.

A blockchain facilitates secure online transactions.

The first founding meeting of the club was held recently at the Cultural Club, in the presence of the founding members and a group of interested parties.

The meeting discussed the establishing regulations and the organisational framework of the club, as well as ways of activating this new entity to become an educational centre and platform for all those who wish to follow up with challenges and developments in this technology, whether in the legislative, applicable or investment fields. It is hoped that the club, which will work under the umbrella of the Cultural Club, will start its activities in the coming period.

Abdulsalam bin Mohammed al Murshidi, chief executive officer of the State General Reserve Fund, announced that H H Sayyid Taimur bin Asa'ad al Said, assistant secretary general for communications at The Research Council, will be the honorary president of the Blockchain Club in Oman.

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