The interest in industry has not been quiet either. Morgan Stanley, Goldman Sachs, Bank of America, Wells Fargo, and Citi Group have all publicly expressed intent in implementing the technology. Nasdaq expects to be implementing the technology to clear trades. Barclays Bank has initiated work on the Block Chain and started to accept Bitcoin.
The Middle East has not been very vocal about Block Chain or Bitcoin technologies until now. Companies have been able to launch, with various products in the FinTech industry, supporting international businesses and consumers alike.
Interestingly, almost every commercial bank has expressed curiosity and intent as they jump on the bandwagon of international financial press, after reading about an innovative bank somewhere in Europe or the US that has or is looking into implementing the Block Chain into its product offering.
Technology firms have been more bullish and enthusiastic to empower their teams with the expertise required to initiate the conversation about Block Chain technologies to their clients.
There is still a lot of work behind the scenes and in the limelight as the Block Chain releases itself from its required association with Bitcoin. But if innovation defines its perpetrator as being the breed of individuals that take the world forward, then the time to implement ideas and trials is now.