Oman establishes dedicated Blockchain Club

In the wake of the success of the recent Blockchain Symposium held in Oman, organised by a number of government institutions, the first Blockchain Club has been established.

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

Following the Blockchain Symposium last month, this latest 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 months.

Abdulsalam bin Mohammed al Murshidi, executive-president of the State General Reserve Fund (SGRF) announced that HH 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.

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

Oman Blockchain Solutions and Applications, currently under formation, will help fuel the uptake of distributed ledger technology that is not only becoming the basis of a new economic system in tech-savvy markets around the world, but is also underpinning transactions in cryptocurrencies.

“We have started the process of establishing the first blockchain company, and while Oman Blockchain Solutions and Applications is a company that will not undertake projects itself, it will be a vehicle where every person who would like to test an application can come on board and probably find the right financing, and the right access to regulators and decision-makers in Oman,”  said Al Murshidi.