Blockchain has great potential, and businesses and entrepreneurs should explore it, Bahrain’s Minister of Electricity and Water Affairs Dr. Abdulhussain Mirza called during a distributed ledger technology (DLT) event in the Kingdom’s capital, local media reported on Wednesday.
The minister opinion is important as Mirza is part of the highest body in the Kingdom that promotes technological development, the Supreme Committee for Information and Communication Technology (SCICT).
“Technologies such as blockchain take us a huge step forward in finding a secure way to facilitate transactions. Blockchain’s ability to protect users’ data is a true mark of progress, especially due to the fact that it can be applied in different companies from different industries including cybersecurity,” Mirza told attendees as quoted by the Daily Tribune.
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