RIYADH — The Communications and Information Technology Commission (CITC) has held a workshop on Blockchain Technology and its Effects on Digital Transformation with the participation of a number of local and international speakers and specialists in the field.

The workshop discussed the role being played by CITC in regulating information technology in general and emerging technologies in particular, in addition to blockchain technology as one of the most important and promising emerging technologies, along with its impact on digital transformation and the objectives of the digital economy.

The Deputy Governor for IT and Emerging Technologies at CITC Eng. Raed Al-Fayez said during the opening of the workshop that blockchain technology ranks among the advanced the technologies, adding that CITC expects that the local blockchain technology market will grow at an accelerating pace between now and 2025, at a rate of more than 41%. — SPA