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Mirna Develops Blockchain-Based VAT Platform for Oman

Egyptian engineer Mirna Mohammed pioneers a blockchain VAT accounting platform approved by Oman's Ministry of Higher Education, highlighting the technology's potential and the growing role of Arab women in blockchain innovation.
Published on 2022-10-18

Mirna Develops Blockchain-Based VAT Platform for Oman

Mirna Mohammed, an Egyptian engineer, has successfully developed a blockchain-based platform designed to oversee the value-added tax (VAT) system in Oman. The innovative solution has been accepted by the Oman Ministry of Higher Education, which will also fund its implementation. This breakthrough underscores the growing potential of blockchain technology in enhancing tax systems and financial transparency.

The Vision Behind the Platform

Mirna’s project was inspired by her father’s encouragement to leverage cutting-edge technology for accounting systems. She chose blockchain for its ability to provide a secure, transparent, and efficient way for the Oman government to monitor VAT disclosures and accounting procedures across companies. The platform aims to streamline tax compliance and reduce administrative burdens.

Challenges and Opportunities

Despite the platform’s promise, Mirna faced significant challenges, particularly the limited understanding of blockchain technology in the Arab world. She emphasized the need for better educational platforms to raise awareness and knowledge about blockchain, calling it "the future" of technology. Mirna also highlighted Oman’s growing opportunities in the blockchain space, despite it being a relatively new field in the region.

Rise of Arab Women in Blockchain

Mirna’s achievement is part of a broader trend of Arab women making significant contributions to the blockchain ecosystem. For instance, female students from Saudi Arabia’s King Faisal University developed a blockchain project called BidChain, which earned them third place in a prestigious competition. Their success was recognized by Saudi Arabia’s Princess Nourah Bint Abdulrahman University, supported by the Ministry of Education.

Conclusion

Mirna’s blockchain VAT platform and the rising involvement of Arab women in blockchain technology demonstrate the transformative potential of this field. As awareness and adoption grow, blockchain is poised to play a pivotal role in shaping the future of tax systems, financial transparency, and economic development in the region.

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