Muscat Clearing, Depositing Company Inks Pact to Apply Blockchain Technology

Muscat, Muscat Clearing and Depositing Company (MCDC) today signed an agreement with Trust Chains Solutions and Services (Salasil al-Thiqa) Company to supply programs, systems and services to MCDC for the management of meetings and electronic polling in joint stock companies’ societies by using ‘Blockchain’ applications.

The agreement was signed on behalf of Salasil al-Thiqa company by Dr. Ammar bin Darwish al-Obaidani, CEO for Business Transactions while Haitham bin Salim al-Salmi, MCDC’s General Manager signed for his company.

Abdulsalam bin Mohammed al-Murshidi of Salasil al-Thiqa said that his company has a strategy to provide services and works in tandem with Blockchain techniques. The company was founded with a view to realizing the government’s vision to facilitate business operations by applying modern technologies.

Meanwhile, Sheikh Abdullah bin Salim al-Salmi, Executive Chairman of Capital Market Authority (CMA), pledged CMA’s support to all capital market establishments in the Sultanate in a bid to keep pace with advances in modern technology that serves all stakeholders of the sector. He added that 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.

Source: Oman News Agency