Blockchain technology is steadily gaining traction in Saudi Arabia, but can it become a leader in the space? The country is certainly aware of its potential, as evidenced by the Saudi Central Bank’s involvement with several blockchain projects and the appointment of Mohsen Al-Zahrani to lead its virtual assets and central bank digital currency program.
But will it be embraced in other areas? The answer depends on how blockchain technology is used. Until now, the technology rollout has been held hostage by the hype surrounding its earliest incarnations: cryptocurrencies and early-stage startup tokens. However, there are far more practical, mainstream applications for the decentralized ledger.
Take tokenization, for example, the process of converting an item of value into a digital token that can be used on a blockchain application. Imagine that an established company is looking for an investment of $1 billion. It could go the usual route or invite people to access 10,000,000 tokens,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...