Muscat Clearing & Depositing to apply blockchain technology
Tuesday, 02 11 2020, Category: Technology, Country: Oman
Muscat Clearing and Depositing Company (MCDC) on Saturday signed an agreement with Trust Chains Solutions and Services Company (Salasil al-Thiqa) to supply programmes, systems, and services for MCDC for the management of meetings and electronic polling in joint-stock companies’ societies by using blockchain applications.
Salasil al-Thiqa’s strategy including providing services and works in tandem with Blockchain techniques, head of the company Abdulsalam al-Murshidi commented, according to the Oman News Agency.
Omani Capital Market Authority’s (CMA) is committed to supporting all capital market establishments in the GCC country to keep pace with advances in modern technology that serves all stakeholders of the sector, the authority’s executive chairman Abdullah bin Salim al-Salmi said.
“The supply of electronic polling services through blockchain technologies has become an inevitable necessity for decision making among shareholders who would no longer need to physically attend the polling sessions,” he added.