Municipality of the capital of Saudi Arabia Riyadh announced blockchain collaboration with the technology giant IBM. The company will develop strategies for the implementation of DLT technology in public services. This writes

To help IBM to be the technological partner of the municipality Elm. The objective of the American Corporation is to develop blockchain-solutions for the municipality, and Elm will integrate these technologies in the government service of the country.

As stated by the representatives of the municipality, the blockchain projects necessary to serve the citizens of the country in digital format and support the revolutionary objectives of the programme Saudi Vision 2030.

“Cooperation between the municipality of Riyadh, Elm and IBM will help the government of Saudi Arabia to revise and transform the way services to citizens, businesses and visitors. This is a strategic step on the path to achieving the goals of Saudi Vision 2030”, — said General Director of IBM Saudi Arabia Tarek Zargo El aiun.

ForkLog previously reported that IBM announced a partnership with the Australian government. In the framework of cooperation, the Corporation will provide the departments of automation and help to implement blockchain technology in the public services.

We will remind, in February the Agency of monetary circulation in Saudi Arabia has signed a partnership agreement with Ripple. Under the terms of cooperation, the country’s banks will use the solution xCurrent to improve the efficiency of internal and cross-border payments.