Going the blockchain way

Going the blockchain way

Manama : Bahrain is studying the possibility of implementing blockchain technology in various sectors, said a top IGA official. This, according to Mohamed Ali AlQaed, the Information eGovernment Authority (iGA) Chief, will help save the government tens of thousands of dinars. Blockchain which has been touted as a revolutionary technology has been defined as “a type of distributed ledger for maintaining a permanent and tamper-proof record of transactional data” In Bahrain, according to AlQaed, plans are on the anvil to introduce a blockchain-based system for vehicle registration. The banking industry is also studying areas where blockchain can be used. Bahrain, AlQaed said, is looking to implement the right ecosystem for blockchain to thrive. 

“The banking sector, via CBB, has announced that they are exploring various options and solutions. I think Benefit is trying to collaborate with them to identify potential areas,” he said. The technology, he said, will not be implemented for the hype surrounding it at the moment. 

“The most important thing is that it should solve a real issue. In Bahrain, we do not have the luxury of using a technology just for the sake of boasting that we use it. It should be able to solve a real issue. There are priorities that we have set in place to promote efficiency and cost saving. We need to properly manage our resources.”

IGA, he said, had to reject many ideas as they were not cost-efficient, “We look for efficiency in not only financial expenditure but also where our efforts are exerted. Where we will implement blockchain will depend on the issues it will solve.” AlQaed said the authority has been approached by many with ideas and solutions. “However, we didn’t feel that those ideas solved real issues or promoted efficiency.”




Defeating Stereotypes

Defeating Stereotypes

Manama : A decade into her fitness and bodybuilding journey, Tamara Makar, a British and world bodybuilding champion is redefining athletic bodybuilding for modern women in the country. 

Boosting ties with Russia

Boosting ties with Russia

Manama : Ways to enhance Bahrain-Russia bilateral ties topped the agenda of a meeting held by Supreme Council for Women (SCW) General Secretary Hala Al Ansari on the sidelines of the second Eurasian’s Women Forum (EAWF) in St.

Ballet for Peace

Ballet for Peace

Manama : Inspiring the world to dream about “peace and harmony”, Bahrain Ballet Centre celebrated Peace One Day in the Kingdom by performing a ballet on the song ‘Imagine’ written by John Lennon and Yoko Ono.

 Deficit may fall to 7.5pc of GDP

Deficit may fall to 7.5pc of GDP

Manama : Thanks to higher revenues this year, Bahrain is on course to reduce its budget deficit to 7.5 per cent of the GDP, marking a 2.5 reduction from the 10pc recorded last year, according to ICAEW and Oxford Economics’ Economic Insight report for the third quarter.


Defeating Stereotypes

Defeating Stereotypes

Manama : A decade into her fitness and bodybuilding journey, Tamara Makar, a British and world bodybuilding champion is redefining athletic bodybuilding for modern women in the country. 

Boosting ties with Russia

Boosting ties with Russia

Manama : Ways to enhance Bahrain-Russia bilateral ties topped the agenda of a meeting held by Supreme Council for Women (SCW) General Secretary Hala Al Ansari on the sidelines of the second Eurasian’s Women Forum (EAWF) in St.

Google Mini captures top spot

Google Mini captures top spot

Washington : Google Home Mini has vaulted to the top spot in the global market for connected speakers, edging out a rival device from Amazon, a survey showed Wednesday. The Strategy Analytics report for the second quarter of 2018 showed the smallest device from Google captured 20 per c

Turkey projects lower growth, high inflation

Turkey projects lower growth, high inflation

Istanbul : Turkey, which was last month buffeted by its worst currency crisis in recent years, yesterday forecast sharply lower growth coupled with persistently high inflation in its new medium-term economic programme. The economy, which grew by 7.4 per cent in 2017, would expand by ju

Ballet for Peace

Ballet for Peace

Manama : Inspiring the world to dream about “peace and harmony”, Bahrain Ballet Centre celebrated Peace One Day in the Kingdom by performing a ballet on the song ‘Imagine’ written by John Lennon and Yoko Ono.

Two Koreas’ leaders in mountain show of unity

Two Koreas’ leaders in mountain show of unity

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