The 2018 Global Blockchain Conference will take place in the Kingdom of Bahrain, with media sponsorship from Amlak Real Estate Newspaper, from July 29 to 30 at the Sofitel Zallaq Hotel in Manama.

The conference will be held under the patronage of His Excellency Mr. Mohammed Al-Qaid, CEO of the Information and e-Government Authority, and will be attended by businesswoman and CEO of “Ingot Coin,” Iman Mutlaq, as well as a number of leading business figures, financial experts, and interested parties from around the world, to discuss blockchain technology and digital currencies, and ways to leverage them for the benefit of individuals, companies, and governments.

Blockchain technology is considered a database or an innovative method of organizing data that helps reduce costs and increase operational efficiency, saving both time and money, It is also secure against fraud and keeps pace with the significant changes in digital currencies that are now dominating the global economy, It is also a technology for storing, verifying, and authorizing digital transactions on the internet with a high degree of security and encryption; it may be impossible to hack or break given today’s available technologies.

It is a new type of database in which all data is stored redundantly on every connected device, which communicate with one another or with the devices of users who interact with each other. These users utilize the databases stored redundantly on their devices to verify the validity of any transaction, and the presence of a copy of the transaction on users“ devices facilitates the detection of any unauthorized transactions. It records and documents digital transactions by assigning a unique fingerprint to the digital data within them, making it impossible to hack or alter, which raises the level of digital security for national data and reduces operational costs.