ARC Launches Public Consultation on National Blockchain Plan for Qatar
Doha: The Communications Regulatory Authority (ARC) has launched a public consultation on the “National Blockchain Blueprint for Qatar”, which was jointly developed by ARC, Hamad Bin Khalifa University and Qatar University , with the aim of collecting the views and comments of stakeholders. and stakeholders in Qatar on the content of the draft document.
The blueprint establishes the framework for blockchain at the national level and identifies its key elements, regulatory foundation, foundation for adoption, and innovation and creativity. The plan identifies key blockchain requirements and provides a set of recommendations to achieve the desired goals; identify and build an effective regulatory foundation for blockchain, create a solid foundation for the government’s approach to it, and create and enable an enabling environment for creativity and innovation. The plan highlights the potential of blockchain technology and the opportunities it can bring to Qatar.
The plan examines the most significant opportunities that blockchain could bring to various government and commercial sectors. It also describes the necessities and incentives that must be provided by each sector for the adoption of technologies that contribute to emerging startups, pilot projects and new businesses.
Blockchain makes it possible to capitalize on available resources and interconnect government and private entities for efficient, secure and rapid data exchange in different sectors. It can play a key role in shaping the future of many businesses in Qatar through efficient, secure and profitable transactions. Thus, helping to support the sustainable development of the country.
“The National Blockchain Blueprint highlights how blockchain technology can help build an innovative and growing IT sector that contributes to increased domestic and foreign investment, which supports the Qatar National Vision 2030 and national development strategy. of Qatar,” said Ali Al Suwaidi, director of the technical affairs department. , BOW.
He said the CRA was keen to develop this plan in line with the importance of developing a strong regulatory framework to foster the investment environment and create a strong industry and adoption of emerging technologies.
“The regulation is important to protect users and provide the right legal framework that enables blockchain innovation and adoption. I would like to thank Hamad Bin Khalifa University and Qatar University for all their efforts and support. cooperation in developing this plan and we look forward to continuing our collaboration in the future,” said Al Suwaidi.
Stakeholders and affected parties can submit their views and related comments via email [email protected]no later than Thursday, September 15, 2022.