IBM to Help Saudi Arabia to Implement Blockchain

As reported, blockchain projects are needed to serve the citizens of the country in digital format and support the goals of the program Saudi Vision 2030

12 July 2018 895

The municipality of the capital of Saudi Arabia, Riyadh, announced a cooperation with the technological giant IBM. The company will develop strategies for implementing DLT in public services. This is reported by ITP .net.

Elm, the technology partner of the municipality, will help IBM. The task of the American corporation is to develop a blockchain solution for the municipality, and Elm will integrate these technologies into the government services of the country.

According to representatives of the municipality, blockchain projects are needed to serve the citizens of the country in digital format and support the goals of the program Saudi Vision 2030.

We are proud of the partnership that will significantly enhance the methods and procedures of the services provided by the Municipality. Elm is continuously applying its expertise, innovative capabilities, national talents and global partnerships towards the systematic digital development that ensures improved efficiency, in line with the Kingdom's National Transformation Program 2020. The expertise of Elm will contribute to enriching customer experience, to build the best solutions for both public and private sectors and to contribute to the transformation towards an e-Government model, in line with the Saudi Vision 2030.

Dr Abdulrahman Al Jadhai

Chief Executive Officer, Elm

Earlier IBM announced a partnership with the Australian government. As part of the cooperation, the corporation will provide automation services to the country's departments and help introduce blockchain technology into government services.

ICO Blockchain

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram

04 July 2019 830

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”