The Ministry of Communications and Information Technology of Saudi Arabia (MCIT) and the ConcentSys jointly organized the blockchain bootcamp as part of the Kingdom's efforts to support technological development. This is reported by CCN.
Dr. Ahmed Al-Tunayan, Deputy Minister for the Technology Industry and Digital Opportunities, said that during the bootcamp, an MCIT action plan was identified with the support of ConcentSys until 2020 in the blockbuster industry.
The deputy minister spoke about the new business model in the conditions of global competition, within which attention will be focused on "new oil" - big data and modern technologies, such as blockchain.
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.
Executive Director, ConsenSys
Blockchain bootcamp is the latest of numerous events that are held in Saudi Arabia - the country is trying to gain a foothold as a leader in this industry.
Ripple recently signed a partnership with the central bank of Saudi Arabia to implement a pilot project of instant cross-border payments through the blockbuster of national banks in the region, writes CCN.