The CEO of Industrial Development and Renovation Organization of Iran

 (IDRO) Mr. Mansour Moazami says the group is ready to cooperate with

the knowledgebased companies on employing the blockchain technology.

 Moazami said that since the biggest enterprises in the information technology welcomes the new technology of blockchain, it is expected 20 to 30 fields out of the applied blockchain technology are tested in 2018 and 10 to 20 of them which are commercially successful would be expanded by end of 2020.

 He reiterated that blockchain technology will dominate most of industries or economic and commercial fields in 3 to 5 years.

 Moazami noted that some matured businesses have entered the market by using the technology and several ways have been identified on the blockchain usage.

 He announced IDRO’s readiness as an investor to cooperate with the knowledge-based companies and start-ups, and to pave the ground for boosting use of the technology in the country.

 A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions

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