2. Brief Introduction to Blockchain

3. What is Blockchain? Introduction to Blockchain
The internet enabled the exchange of information between parties without the need for middle men services (e.g. newspapers, magazines, postal services).
Blockchain enables the exchange of value (e.g. Money) between parties without the need for middle men services (e.g. Banks, Money Transfer offices, etc.)
Although many additional benefits exist with Blockchain, the main benefits come in the form of efficiency, speed and security.

4. Blockchain Risks, Limitations & Opportunities

5. Blockchain Risks, Limitations & Opportunities
Early adoption risk
Quantum computing
Lack of standardization
Regulatory hurdles
Alternative DLT’s
Privacy & Confidentiality
Scalability & Performance
Inter-chain settlement

6. Blockchain Risks, Limitations & Opportunities
OPPORTUNITY
Early adoption risk
Innovate and lead new use cases and business models
Quantum computing
Contribute to Quantum resilience research
Lack of standardization
Devise technologies that define and structure such standards
Regulatory hurdles
Define Regulations for others to follow
Alternative DLT’s
Devise alternative DLT’s that solve current limitations
Privacy & Confidentiality
Contribute to the global open source privacy & Confidentiality research
Scalability & Performance
Contribute to the global open source scalability & Performance research
Inter-chain settlement
Contribute to global open source inter-chain settlement research

7. Blockchain Risks, Limitations & Opportunities
Opportunities BSS is targeting:
To innovate new unrecognized use cases and business models.
To self develop these solutions in Oman to Improve services (e.g. governmental) and reduce costs (e.g. reduce logistical costs to maximize returns from Oil that can help offset its reduced market price) by improving efficiency and security.
To commercialize these locally developed solutions to become leaders within their respective use case.

8. National Initiative & Blockchain Solutions & Services LLC

9. National Initiative Overview
BSS
The Club
TRC / ITA
BSS + SMEs
CBO / ITA / TRA
Establish needed Infrastructure
Building Developer Capacity in Smart Contract Programing
Awareness + Research into different components of the technology, such as:
Consensus algorithms
Scaling solutions
Identifying new and Innovative use cases with viable business models to develop and take to market
Provide data to regulators to devise appropriate regulations based on experiential knowledge gained from Projects undertaken

10. National Initiative & BSS Approach

11. In Summary:
Blockchain and Distributed Ledger Technology offers us today the opportunity to innovate, own and lead many use cases based on the technology rather than merely adopt third party solutions.
As a national initiative a structure has been put in place to enable such local innovation to flourish.
We are available to help facilitate matters for innovators as well as guide industry to use cases the national initiative is interested in bringing to market to ensure a collaborative effort and result is achieved.

12. Thank You Dr. Khalid M.W. Tahhan E-mail: khalid@bss.om
Tel:
Tel: