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Muscat Clearing and Depositing Company looks to blockchain for voting process

Mon, 10 Feb 2020, 10:30 am UTC

Oman Blockchain Solutions and Services Company (BSS) has signed an agreement with Muscat Clearing and Depositing Company (MCDC) to provide blockchain solutions for their general meetings and voting process, Unlock-BC reported.

BSS is a government entity that launched the Oman Blockchain Platform in March 2019.

According to the Times of Oman, MCDC has teamed up with Trust Chains Solutions and Services (Salasil al-Thiqa) Company, which is synonymous to BSS, for the management of meetings and electronic polling in joint-stock companies' societies using blockchain technology.

The parties entered into an agreement on Saturday which will see Salasil al-Thiqa supplying programs, systems and services to MCDC towards this goal.

Abdulsalam bin Mohammed Al Murshidi of Salasil al-Thiqa shared that his company has a strategy to provide services using blockchain technology. The company was founded with the objective of realizing the government's vision to accelerate business operations using cutting-edge technologies.

Sheikh Abdullah bin Salim Al Salmi, Executive Chairman of Capital Market Authority (CMA), emphasized the importance of blockchain technology in electronic polling, saying that it has become "inevitable necessity" as it enables shareholders to still be involved in polling sessions without the need to be physically present in case they can’t make it.

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