Ethereum’s powerhouse, Consensus Systems (ConsenSys), has conducted a three day blockchain bootcamp with Saudi Arabia’s Ministry of Communications and Information Technology (MCIT).
“From guided exercises to coded examples, this bootcamp comes in response to the Ministry’s desire to enable the Saudi technical youth to learn about the key advantages of Blockchain technology and its mechanism, as well as to adopt it in a responsible manner to make businesses more profitable,” Lina Hediah, Executive Director at ConsenSys MENA, said in a statement.
The workshop was aimed at C-level executives and managers across different departments, including in IT, Strategy, Operations and Legal aspects.
Dr. Ahmed Al-Thenayyan, Saudi Arabia’s Deputy Minister for Technology Industry and Digital Capacities, stated:
“Modern technologies such as Artificial Intelligence, Internet of Things, Blochain, etc., are key pillars of the development and progress of countries and serve as major contributor to the Industry 4.0 and the development of GDP.”
He further said “the Industry 4.0 witnessed today is a basic enabler to achieving Saudi Arabia’s Vision 2030.”
Saudi Vision 2030 is a plan to reduce their dependence on oil by diversifying their economy as announced on 25 April 2016 by Crown Prince Mohammad bin Salman.
Blockchain technology is part of such plan, according to the Deputy Minister, who said the bootcamp was “aimed at building a digital environment that attracts, incubates and develops minds and skills in ICTs in order to achieve digital transformation with a view to boost the development process in the Kingdom.”
Participants received in-depth training on how to startup a development environment, build decentralized applications (dApp) with Ethereum smart contracts and integrate these with web applications.
Training which was provided by ConsenSys, and thus focused mainly on ethereum’s blockchain, with Hediah further stating:
“The aim of this workshop is to leverage Saudi Arabia’s untapped human resource potential, equip them with knowledge and insight, so they understand the power of blockchain and the current and future potential of its application.”
This announcement comes just a day after Iran said they are to go ahead with a crypto-currency project, with Iran’s Minister of IT stating:
“Last week, at a joint meeting to review the progress of the (local cryptocurrency) project, it was announced that the experimental model was ready.”
Saudi Arabia has also previously said they are to issue a digital currency, with the country now seemingly expanding further in this area to gain knowledge and expertise in the wider applications of blockchain technology in general, and ethereum in particular.