According to a statement issued by the Blockchain Association BSV, the first blockchain school in the Middle East will open in Riyadh, Saudi Arabia. The new institution is expected to provide learning and development tools for public institutions and companies interested in using or experimenting with blockchain technology.
According to the announcement, the Saudi Blockchain Academy (SDA) will partner with the Swiss Blockchain Industry Association Bitcoin SV (BSV) to train experts on new technologies and help realize the Saudi Vision 2030.
The Ministry of Communications and Information Technology (MCIT) in Saudi Arabia has established the SDA as a major national project to develop human capital and digital skills for the future and prepare youth for jobs in the ICT industry.
BSV and SDA will collaborate through a new Blockchain Academy in Riyadh to provide learning and development resources to various target groups, including developers, students, startups, business leaders and government officials.
Blockchain technology has found a wide range of potential applications in many areas such as financial services, healthcare and communications. Several major technology companies, including Google and IBM, are actively involved in the development of blockchain-based applications.
According to the announcement, the school will focus on the BSV blockchain and is part of a growing number of industry education programs launched by SDA. meadow. Fares Al-Saqbi, Deputy Minister for Future Jobs and Capabilities at the Ministry of Communications and Information Technology said:
Since the first academies were announced at the launch event in October 2021, we have been constantly looking for new areas of study. Due to the huge interest in blockchain technology, we are proud to work with the BSV team to provide world-class blockchain education in the Kingdom of Saudi Arabia. In this historic initiative for the Middle East.”
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Blockchain technology and digital assets have been adopted by many countries in the Middle East from a more advanced perspective. Several regulators have pushed through a series of cryptocurrency-related laws across the region.
In September 2021, the local authorities in the UAE revealed new regulations encouraging cryptocurrency trading and related activities in the Dubai Free Zone, which could lay the groundwork for further adoption and innovation across the country. Emirates Post Group, or EPG for short, has announced that it is the first postal institution in the Middle East and North Africa to issue digital stamps.