Meanwhile, a Steering Committee has also been established, to be led by NITDA (the agency in charge) & including all relevant government agencies.

The committee will oversee the implementation of the new National Policy on Blockchain according to the Minister of ICT, Prof Isa Patami

For some that don't know the full meaning of the technology, these are few things the technology can avail the users if fully harnessed.

1. Transparency and accountability: Blockchain technology provides a decentralized, immutable ledger that can be used to store and track data in a tamper-proof manner. This can increase transparency and accountability in government systems, reducing the potential for corruption and fraud.

2. Increased efficiency and cost savings: Blockchain technology can reduce the need for intermediaries and manual processes, resulting in increased efficiency and cost savings for both government agencies and businesses.

3. Secure data storage and sharing: Blockchain technology provides a secure way to store and share data, which can be particularly important for sensitive information such as health records, financial information, and government data.

4. Improved supply chain management: Blockchain technology can be used to track goods and products throughout the supply chain, reducing the potential for fraud and counterfeiting and improving efficiency.

5. Encouraging innovation: By providing a secure and transparent platform for the exchange of value, blockchain technology can encourage innovation and entrepreneurship, leading to economic growth and job creation.

Overall, the adoption of blockchain technology can offer many potential benefits to a country, including improved transparency, efficiency, security, and innovation.