Saudi Arabia Partners Ethereum Startup to Host Blockchain Bootcamp
Saudi Arabia Partners Ethereum Startup to Host Blockchain Bootcamp
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Saudi Arabia ‘s Ministry of Communications and Information Technology (MCIT) has teamed up with ConsenSys, a cryptocurrency development studio, to host a “blockchain bootcamp” as part of the kingdom’s efforts to support technological development.

The bootcamp is part of the ministry’s efforts to develop national cadres in future technologies, according to the ministry.

The recent three-day bootcamp introduced participants to the workings of blockchain technology from both a business and strategy perspective, its applications and features. Technologists from several entities received in-depth training on how to create a development environment, build decentralized applications (dApp) with Ethereum smart contracts and integrate the dApps with web applications.

National Action Plan

Dr. Ahmed Al-Thenayyan, deputy minister for the technology industry and digital capacities, said the bootcamp met the MCIT’s 2020 action plan objectives to build a digital environment that attracts, incubates and develops skills in ICTs to boost development in the kingdom. He cited the investment in national capacities and cadres as enablers to ensure continued development and entrepreneurship.

Modern technologies such as artificial intelligence, Internet of Things, blockchain, etc., are pillars of progress that contribute to the Industry 4.0 and the development of GDP, he said.

He further noted a different business model and a new execution mechanism will be needed under the new rules of global competitiveness and the transition from focusing on assets and expertise to relying on the “new oil” (big data) and modern technologies like artificial intelligence.

“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,” said Lina Hediah, executive director, ConsenSys MENA. “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.”

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