In addition to IBM, the Riyadh government will work with Elm, a local company that will be responsible for integrating the technology developed by IBM into the governmental system as a subsequent phase of IBM’s work.
Speaking with ITP Dr. Abdulrahman Al Jadhai, Chief Executive Officer of Elm said:
“We are proud of the partnership that will significantly enhance the methods and procedures of the services provided by the Municipality… The expertise of Elm will contribute to enriching customer experience, to build the best solutions for both public and private sectors and to contribute to the transformation towards an e-Government model, in line with the Saudi Vision 2030”.
Tarek Zarg El Aioun, Country General Manager, IBM Saudi Arabi also expressed the company’s enthusiasm and optimism about the challenge of creating blockchain solutions for major projects such as the one presented by the municipality of Riyadh
Tarek zarg el aioun
The government of Saudi Arabia is one of the most dynamic and confident countries regarding using blockchains to promote its development. Unlike other states, several projects are already in the implementation phase:
During May, the Saudi Arabian government held a “Blockchain Bootcamp” to promote the creation of
dapps and Ethereum-based smart contracts to create a better digital environment for public policy enforcement.
However, perhaps the most promising and far-reaching adoption has been the alliance between the Saudi Arabian Monetary Authority (SAMA) and Ripple to make use of their platform as an international payment facilitator via xCurrent, challenging SWIFT’s presence as the ultimate solution for this type of transaction.