Riyadh Municipality is collaborating with IBM to integrate blockchain technology and move closer to the realization of transformational objectives of the Saudi Vision 2030, ITP.net reported.

Under the partnership, IBM and Elm Company, the municipality's technology partner, will work closely to develop an implementation strategy in order to bring blockchain technology to government services and transactions. IBM will build the first blockchain-based solution at the municipality level, which will be integrated into government's services by Elm as the next stage.

The companies, along with Riyadh Municipality, will also organize workshops to identify services which could be enhanced through blockchain. These workshops will be jointly organized in collaboration with government departments, and private and semi-government sectors in Al Riyadh.

"Through the collaboration between Riyadh Municipality, Elm and IBM, we will be able to help the Saudi government reimagine and transform the way in which services are provided to citizens, residents, businesses, and visitors. It is a strategic step towards supporting the objectives of Saudi Arabia's Vision 2030,” said Tarek Zarg El Aioun, Country General Manager, IBM Saudi Arabia.

IBM recently received a five-year, AUD $1 billion contract from the Australian government to develop blockchain and other digital technology initiatives. It also secured a $738,000, single bid contract from Delaware to develop a blockchain-based corporate filing system.