The Kingdom of Bahrain is in talks with Singapore’s central bank as the monarchy looks toward nation-wide blockchain adoption.
According to Khalid Al Rumaihi, CEO of the Bahrain EDB, the ability for blockchain to be adopted at a country level “is a huge opportunity for Bahrain to move into the spotlight as a pioneer in this space”.
Tasked with developing the blueprint for economic growth and development, Al Rumaihi sees the entirety of the financial services sector in the midst of “disruption of fintech”, underlining the need for Bahrain to proactively adapt and leap ahead with technologies like blockchain.
Dubai is also moving towards to adopt blockchain widely. The government is willing move to record all of its documents on a blockchain by the year 2020, as a part of its “Dubai Blockchain Strategy”.
Technology companies should grasp the opportunity to work on various other blockchain-based applications, such as in healthcare, cross-border remittance, conflict-free diamond trading and e-voting, to further promote use of blockchain into daily life.
Source: https://www.cryptocoinsnews.com/kingdom-bahrain-aims-country-level-blockchain-adoption/
This is a very interesting article. I think that the wide scale adoption of blockchain technology will be a significant step in developing the technology to its full potential. Having examples of nation-wide adoption of blockchain can help developers to identify its short comings and new areas that the technology could be applied.