Blockchain for Governments: Asset Ownership, Security and Tokenization
Nuqtah is trusted by many governmental sectors In Saudi Arabia. The utilization of data tokenization can empower government agencies to exchange information without infringing on privacy rights, thus facilitating the consolidation of data for a more profound analytical understanding.
Our solutions
Empowering Governments with Blockchain Solutions
Most government data is trapped in isolated databases which limits
insight extraction and distribution and this could often lead to
legal challenges over varied privacy clauses.
The future of data tokenization is upon us
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Blockchain and web3 consultancy
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Sensitive data kept safe through tokenization
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Ownership and security of any tokenized assets
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Tokenize history and protect identities of a great nation
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Global data available to share for regulatory purposes
Your trusted partner
Building Web3 Bridges for Global Investments and activations
Build a bridge with Nuqtah to deal with, government, web3 investors and enterprises from around the world.
Consider us as your trusted local partner who can help you activate your blockchain solutions and be your project manager on the ground.
Nuqtah's strengths lies in having already built relationships with stakeholders hence we understand the stakeholder's background and needs including:
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Existing procedures to minimize time to take action
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Business details in order to ensure that they get the utmost advantages
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Frictionless execution using our existing know-how and
understanding of stakeholders' needs
Use Cases
How are governments using blockchain?
United Arab Emirates (UAE)
In 2021, the government of the United Arab Emirates set in motion the Emirates Blockchain Strategy. This initiative aimed to leverage the potential of blockchain technology, planning to migrate 50% of governmental transactions to this platform within the same year. The shift has noticeably diminished the need for physical paperwork, lowered operating costs, and heightened efficiency in official transactions.
Use Cases
How are governments using blockchain?
Singapore
Project Ubin, a venture undertaken by the Monetary Authority of Singapore, has been investigating the application of blockchain and distributed ledger technologies to facilitate the clearing and settlement of securities and payments. This exploration could lead to enhanced efficiency and diminished potential hazards associated with financial procedures
Use Cases
How are governments using blockchain?
Australia
The Australian Securities Exchange (ASX) is transitioning towards a blockchain-oriented infrastructure to supplant their existing framework for tracking share ownership and overseeing the clearance and settlement of equity trades. This shift is aimed at streamlining operations, lowering expenses, and enhancing security measures.
Use Cases
How are governments using blockchain?
Georgia
Georgia has taken advantage of blockchain technology to authenticate transactions related to property under governmental purview. This has amplified the safety and expedited the services linked with property dealings. The openly accessible ledger offered by blockchain provides clear visibility and plays a substantial role in curbing fraudulent activities.
Use Cases
How are governments using blockchain?
Sweden
Lantmäteriet, the authority responsible for land ownership in Sweden, has successfully conducted a test of a system that employs blockchain technology for land registration. This system enhances the safety and effectiveness of land transactions by offering a singular, trustworthy reference point
Use Cases
How are governments using blockchain?
Estonia
Estonia has been a frontrunner in incorporating blockchain technology into its national infrastructure. The country has utilized blockchain to safeguard various systems, including health records, legislative and judicial systems, security, and commercial codes, among others. This integration has greatly enhanced the trustworthiness of data, diminished administrative red tape, and boosted the productivity of public services.
Use Cases
How are governments using blockchain?
Bahrain
In early 2020, APM Terminals Bahrain began integrating the blockchain-based shipping platform, TradeLens, into the country's ports. Currently, the Khalifa Bin Salman Port, Bahrain's only commercial port, is trialing the platform. The aim of this move is to enhance collaboration and comprehension of shipping data among stakeholders in the shipping sector.
Use Cases
How are governments using blockchain?
Egypt
In 2019, new legislation in Egypt empowered the Central Bank of Egypt (CBE) to regulate cryptocurrency trade, paving the way for blockchain applications in financial services. By February 2020, the National Bank of Egypt had partnered with Ripple, a dual-purpose cryptocurrency and digital payment network, to streamline inward remittances. The partnership aimed to simplify remittance payments for expats in accordance with Egypt's strict financial regulations.
