Saudi Arabia launches Blockchain SMS tracking system to decrease fraud
Saudi Arabia’s Information and Communication technology Commission has launched a blockchain enabled identity tracking management system for Bulk SMS messages in an effort to decrease fraud and enhance trust in Bulk messaging service offerings. The CITC utilized blockchain technology in both the governance and management of the system. The solution was launched during the Digital Technology Forum 2022 in KSA. CITC explained that this system will track 34,000 trusted SMS service providers as well as decrease the operational cost for sending bulk SMS by these service providers by 66 percent. The blockchain enabled system will also decrease the time needed to process requests by 60 percent. In addition 20,000 governmental and private sector entities will benefit from this system. The Blockchain enabled digital tracking management system will serve more than 46 million people as well as 25 local SMS service providers. The innovative solution aims to protect us...