Iranian Official Affirms That Blockchain Could Help The Country Economically
Alireza Daliri, an official member of the Iranian government’s department of science and technology, has recently affirmed that the blockchain can be an important technology for the economy of Iran. According to him, the blockchain is mainly a very positive technology, whose advantages overcome all of its potential drawbacks.
The official is a deputy for resources and management development at the vice presidency of Iran. He noted that more than 140 countries have benefited from the blockchain technology so far and that it would not be a good idea for Iran to ignore it.
According to the tech official, the blockchain, by being immutable and encrypted, can be used to streamline many projects and procedures from the government which could end up too bureaucratic without the use of a technology to help them.
Daliri has described the blockchain technology as an “empowering” tech with the potential to revolutionize the efficiency of the private and government sector. Cryptos could, for instance, be used for cross-border transactions, something that some companies and banks are already doing.
As the cryptos can be faster and more secure ways to send money between two countries, it is often being used to send money abroad by companies like Ripple and Iran could follow on this path.
Cryptocurrencies And The Blockchain In Iran
Recently, experts in the blockchain technology from Tehran’s Sharif University have announced that they had created the first blockchain-based taxi app in the country. The reports also state that the company will have its Initial Coin Offering (ICO) soon.
However, if the government is now receptive of the blockchain technology and universities are creating interesting new projects, the Central Bank has also decided to ban financial institutions from handling decentralized crypto transactions.
During the economic crisis caused by the fact that the government has received sanctions from the United States, a lot of people are now turning to Bitcoin in order to store and use their money. The United States is also monitoring the use of cryptos in Iran to evade U. S. sanctions.
Major platforms like Binance were forced to shun their Iranian users off the platform to comply with the laws from the United States. Because of this, it could be a good time for Iran to embrace the blockchain technology and all the benefits that the technology can bring to its citizens.