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Blockchain strengthens supervising Iran’s economic system

Parto Avazpour
Written by Parto Avazpour

Blockchain allows management over the economy and the monetary system of the country, deputy for management development and resources stated about blockchain technology and its position in Iran.

Alireza Daliri, Deputy for management development and resources, explained about the role and the effects of blockchain technology:

Blockchain Technology is referred to as a revolution in the foundation of modern technologies. It is a distributed ledger technology (DLT) for documents, transactions, or events, registered and executed by its components.

He also pointed out:

This technology, referred to as the future infrastructure for financial services, is getting spread among industries and different parts of the economy, particularly in finance and banking. One significant issue facing the development of the payment system is extending the use of cryptocurrencies in the world. However, Bitcoin is not supposed to be the utmost efficiency of cryptocurrencies and blockchain technology.

Technology always grows faster than regulation. As a consequence, if countries postpone examination and regulating decisions, they will sustain a loss, Daliri expressed.

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Parto Avazpour

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