For a long time, private citizens have pioneered the integration of blockchain technology in almost every other sector of the economy. However, some governments have set foot in the blockchain in the last few years, with the Middle East setting the pace.and BSV Global Blockchain ConventionFour panelists went on stage to share how they have been pushing blockchain for government applications.
One of the panelists Saeed Mohammed Ali Alhebsi, Adviser of the Ministry of Human Resources and Emiratisation (UAE) of the United Arab Emirates. In this position, he has played a key role in continuing the government’s quest for blockchain technology and in the growing popularity of BSV in both the public and private sectors.
The ministry oversees the labor industry in the United Arab Emirates, which has more than 800,000 companies and a workforce of more than 7 million.
Moderated by Jimmy Nguyen, founder of the BSV Blockchain Association, the panel also included:
Governments around the world need more Blockchain technology More than any other sector, Vasilisa told the audience. They process very large amounts of data, and for them data breaches are far more devastating than for private businesses.
The government aims to blockchain four things: transparency, efficiency, security, and scale.
Ahmed has already led a pilot project that saw the Saudi Arabian government integrate blockchain into its operations. He worked with the government to find a solution that could speed up the issuance of permits to domestic visitors.
“We’ve shortened the permit, which was previously issued for a one-month period, to 20 minutes,” Ahmed said.
Anjum is also involved in the blockchain integration by the Saudi Arabian government. His startup InvoiceMate has partnered with a Saudi Arabian agricultural and livestock investment company to streamline invoicing and enable subsequent procurement and other functions.
InvoiceMate We have also partnered with other government departments in Pakistan, including the Khyber Pakhtunkhwa Information Technology Board.
“Initially we didn’t target the government, but for some reason, [as fellow panelist stated]The people who need the most trust are the government, “said Anjum.
Why government and blockchain fit perfectly
One of the leading governments in blockchain integration is the UAE. The country announced the UAE blockchain strategy in 2018 and has been working since then to bring 50% of the process on-chain. The Ministry of Human Resources has selected the BSV Blockchain Association as its knowledge partner and will work together to train more than 1,000 professionals on the blockchain. As Alhebsi revealed, about 500 people have already been trained.
“The next step is to implement the best application as a ministry through personnel, finance and other key departments, which saves time and effort and makes the business more efficient,” he said. Told to.
The United Arab Emirates and Saudi Arabia may be in control, but Ahmed believes others will soon follow suit. He said the government is interested in technologies that add value to citizens and that blockchain is ranked high on this list. Governments are trying to integrate technologies such as smart cities and identity management.
However, regulation is important for blockchain to realize that potential. Ahmed has been in talks with several leaders in the Middle East to guide them in the direction of enabling regulation. He believes that education also brings an important factor to this, Partnership between BSV Academy and Saudi Digital Academy As one of the keys moves towards this.
Panelists agreed that startups have a great opportunity to develop blockchain applications for government.
For Anjum, it’s just “Metaverse, Metaverse, Metaverse”. This virtual world will make the interaction between citizens and governments more interactive and engage in the near future. It is also in perfect harmony with the digital economy.
Ahmed believes that the gold mine is in the data. “Startups need to consider data solutions,” he told the audience.
Watch BSV Global Blockchain Convention Dubai 2022 Day 1 here:
Click here for BSV Global Blockchain Convention Dubai 202 22nd day.
See BSV Global Blockchain Convention Dubai 2022 Day 3 here:
New to Bitcoin? Check out CoinGeek’s Bitcoin for beginners The ultimate resource guide to learn more about sections, Bitcoin (originally conceived by Satoshi Nakamoto) and blockchain.