Recently, the Communications Regulatory Authority (CRA) in partnership with Hamad Bin Khalifa University (HBKU) and Qatar University (QU) has released the Qatar National Blockchain Blueprint. The primary objective of this initiative is to establish a regulatory framework for blockchain technology in Qatar, promoting creativity and innovation in this field.
This blueprint outlines the fundamental elements of blockchain technology at a national level, including its regulatory and adoption foundations, potential for innovation, and creativity. Additionally, it provides a comprehensive set of recommendations to achieve the desired objectives, including the crucial requirements for blockchain technology.
Ali Al-Suwaidi, Technical Affairs Department Director at CRA, expressed pleasure in collaborating with HBKU and QU and inviting all stakeholders to review the blueprint. This effort will work towards achieving the goals of Qatar National Vision 2030, including developing the Information and Communications Technology (ICT) sector, supporting local and foreign investments, and a knowledge-based economy.
The release of this blueprint has the potential impact of establishing a clear regulatory framework for blockchain technology use in Qatar, fostering a culture of innovation and entrepreneurship, and creating new startups, job opportunities and economic growth. The government can also leverage the secure and transparent nature of blockchain technology to enhance its data management and streamline operations, improving citizen services while reducing costs. The Qatar University College of Engineering dean, Dr. Khalid Kamal Naji, expressed commitment to continuing the partnership with CRA and HBKU to drive the growth of Qatar’s digital economy.