Brief Introduction to Blockchain Introduction to Blockchain What

Brief Introduction to Blockchain

Introduction to Blockchain What is 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.

Blockchain Risks, Limitations & Opportunities

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

Blockchain Risks, Limitations & Opportunities RISKS & LIMITATIONS 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

Blockchain Risks, Limitations & 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.

National Initiative & Blockchain Solutions & Services LLC

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

National Initiative & BSS Approach

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.

Thank You Dr. Khalid M. W. Tahhan E-mail: khalid@bss. om Tel: +968 -95303050 Tel: +44 -7770159153