Is like the Kingdom of Bahrain is eyeing the adoption of blockchain technology. Bahrain sets to adopt this technology in a bid to reduce the cost of maintaining the country’s vehicle registration data.
Last Thursday, the Bahrain’s General Directorate of Traffic (GDT) announced a new plan to develop a blockchain-based vehicle registration system in the country and is now looking for a technical partner to focus on the system’s design and implementation.
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Shaikh Abdulrahman bin Abdulwahab Al Khalifa, director general of the GDT, said:
“This registry will be a vital advancement in reducing the overall cost of maintaining critical vehicle information, offer greater efficiency in terms of supply chain management, and ensure a high level of transparency for all stakeholders in the vehicle registration ecosystem.”
Announced during the Gateway Gulf Forum backed by the country’s crown prince, the GDT’s plan comes as part of a wider push by the Bahrain government to deliver advanced technologies through partnerships with the private sector.
Indeed, the Middle East country has already seen major financial institutions pursuing potential blockchain initiatives.
Moreover, it seems for a very long time now, Bahrain had gotten this interest to adopt the blockchain technology .