The seven-part video series, which are available on ICT media channel at the Aparat website, aims to give information to public about blockchain as a fundamental section of technology.

“Informing public is the principle of using new aspects of technology,” the ICT Minister Mohammad Javad Azari Jahromi announced on his Twitter account on Saturday.

In early December, a group of blockchain experts from Tehran’s Sharif University of Technology announced that they are developing a startup which is to introduce the first Iranian blockchain-based taxi app.

The startup founder Amir Abbas Emami said that they have launched Initial Coin Offering (ICO).

The latest report of Europe Union Blockchain Observatory and Forum (EUBF) details that for blockchain to realize its potential within government institutions, they must focus on using the technology to build two things: digital identity systems, and digital versions of their national currencies.

“Digital identity is the fundamental building block and a key area for governments to focus on,” the report reads. “Another important building block … is having digital versions of national currencies on the blockchain, for example through blockchain-based central bank digital currencies (CBDCs).

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“This is possible with empowering the infrastructure of the blockchain technology with the help of government and private sector,” he explained.

The science and technology vice presidency is responsible for development and hi-tech like blockchain, he said.

“We should coordinate with other countries in the world in terms of new technologies and the blockchain is one of the issues,” he added.

Nowadays over 140 countries are now benefiting from blockchain technology through the world, he said.

Daliri then explained about the meaning of blockchain, a chain of blocks for recording information, which is shared with all member of the blockchain network and no one can change it due to its strong cryptography.

Some governments concern about blockchain technology, however, its benefits are more than damages, he explained.

The vice presidency decides to use this technology in different fields in the near future, he said.

Daliri said that blockchain would decrease bureaucratic procedures.

The vice presidency do its best to support and facilitate activities of the private sector active in the field of blockchain technology.

In early December, a group of blockchain experts from Tehran’s Sharif University of Technology announced that they are developing a startup which is to introduce the first Iranian blockchain-based taxi app.

The startup founder Amir Abbas Emami said that they have launched Initial Coin Offering (ICO).

The latest report of Europe Union Blockchain Observatory and Forum (EUBF) details that for blockchain to realize its potential within government institutions, they must focus on using the technology to build two things: digital identity systems, and digital versions of their national currencies.

“Digital identity is the fundamental building block and a key area for governments to focus on,” the report reads. “Another important building block … is having digital versions of national currencies on the blockchain, for example through blockchain-based central bank digital currencies (CBDCs).

The post Blockchain can help improve Iran’s economy: official appeared first on Iran News Daily.

The startup aims to launch Initial Coin Offering (ICO), its founder Amir Abbas Emami said.

ICO is a type of funding using cryptocurrencies. In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in exchange for legal tender or other cryptocurrencies.

Through decentralization, which still exists in internet taxi services, the wages for commuting may even decrease to less than 5 percent, he explained.

The Blockchain platform for taxi apps also provides a mechanism for pricing according to supply and demand, he explained

 Blockchain in taxi industry

According to Cointelegraph website, Blockchain technology in the local transportation or taxi industry is only the continuation of an evolution that has gone on for centuries.

The introduction of partially decentralized taxi systems like Uber and Lyft introduced some necessary competition into the taxi industries. This has provided commuters with more options, leading to reduced fares and better quality service.

Implementing the concept of tokenization, or using Blockchain-based apps to manage local transportation systems is a development that has been long coming. It’s likely that many taxi services based on Blockchain and tokenization will spring up.

Blockchain implementation will automatically enable a transparent industry; opaque unions and associations will no longer override the will of taxi drivers and commuters. Instead, anyone who holds a Blockchain token will retain full control of all the benefits associated with such tokens, be it in exchange for other tokens or fiat, or for the payment of taxi fares.

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