EddieJayonCrypto
2 Jan 25
The Jordanian Council of Ministers has approved a Blockchain Technology Policy for 2025, aiming to enhance public trust in government performance by promoting economic modernization, increased data security, and wider transparency. The policy prioritizes the security and privacy of citizen data and ...
The Jordanian Council of Ministers has approved a Blockchain Technology Policy for 2025, aiming to enhance public trust in government performance by promoting economic modernization, increased data security, and wider transparency. The policy prioritizes the security and privacy of citizen data and aims to improve public service efficiency, contributing to a more competitive economy and attracting foreign investment. This move aligns with Jordan's broader digital transformation initiative for 2025 and reflects a broader trend in the Middle East, where countries like Syria and the United Arab Emirates are also considering or implementing blockchain and cryptocurrency-related strategies to stabilize economies and attract international investment. According to the latest announcement, the government wants to implement blockchain in managing public administration operations to increase public confidence in government performance and reduce time and cost in governmental transactions. The new policy will also support blockchain start-ups, build capabilities, and develop specialized skills in the industry. It’s part of Jordan’s wider digital transformation initiative for 2025. The policy prioritizes the security and privacy of citizen data as the global need for solid digital protections grows. By leveraging blockchain’s capabilities for real-time transaction automation and verification, the government aims to streamline administrative procedures, reduce operating costs, and improve the efficiency of public services, benefiting both businesses and residents. This initiative aligns with Jordan’s broader economic modernization plan. Improved public service efficiency will contribute to a more competitive economy and have positive ripple effects across various sectors. Also, the new blockchain policy is expected to improve the country’s public services and infrastructure and attract foreign investment, contributing to Jordan’s economic diversification and establishing the country as a competitive player in the global digital economy. Jordan’s implementation of blockchain technology in government procedures reflects a broader ripple effect in the Middle East. Earlier today, Syria’s transitional government announced that it is considering a proposal to legalize Bitcoin and digitize the Syrian pound. This move is a potential strategy to stabilize the country’s economy—and attract international investment. In October, the Dubai Financial Services Authority (DFSA) granted Ripple in-principle approval to expand its operations within the Dubai International Financial Centre (DIFC). The approval allows Ripple to offer a full suite of end-to-end payment services within the United Arab Emirates. Following suit, the TON Foundation registered with the Abu Dhabi Global Market (ADGM) in December, leveraging its regulatory framework for decentralized ledger technology (DLT) foundations to establish a structured legal footing for its operations and governance.