Oman Blockchain Symposium Indicates Adoption Growth

The Blockchain Symposium in Muscat (Oman) this past week represents the very best that Blockchain technology can do in bringing government and private business together. Such a successful event shows the incredible potential for Blockchain technology and its related fields to be supported by senior government officials in countries with small populations, for example, with only 4.7 million inhabitants in Oman.

According to relevant sources, the Symposium was the largest business gathering in Oman's history, as nearly the entire cabinet (22 ministers) was in attendance for the opening session. Further, more than 700 important participants took part in the event, though it was invitation only. The entire program was shown live on TV during the first day of activities. Such substantial FinTech engagement is uncommon for a Middle Eastern nation - perhaps the most notable example of another Blockchain-friendly government in the region being that of the UAE.
 

According to relevant sources, the Symposium was the largest business gathering in Oman's history, as nearly the entire cabinet (22 ministers) was in attendance for the opening session. Further, more than 700 important participants took part in the event, though it was invitation only. The entire program was shown live on TV during the first day of activities. Such substantial FinTech engagement is uncommon for a Middle Eastern nation - perhaps the most notable example of another Blockchain-friendly government in the region being that of the UAE.

In a particularly important step, the Ministry of Foreign Affairs, Ministry of Commerce and Industry, Central Bank of Oman, SGRF (the Omani Sovereign Fund) and the Central Monetary Authority all cooperated to promote and support the event - indicating its significance.