How the role of coti in AI and the center of the Blockchain of Saudi Arabia could shape the future of web 3 and the real world
Why does a Israel Blockchain protocol become a key actor in the ambitious plans of AI and the Blockchain of Saudi Arabia?
COTI's announcement as a founding member of the new Center of AI and the Blockchain Center (SAAIBC), newly formed, raises questions about the intersection of blockchain, geopolitics and new generation infrastructure. It also offers a window on the kingdom's strategy to direct the adoption of AI and blockchain through the Middle East and Africa.
The SAAIBC, launched at the Real-Aset summit (RWA) in Dubai, is positioned as a multipartite collaboration between public sector chiefs, investment companies and web 3 companies. The involvement of COTI suggests a targeted change towards the institutionalization of blockchain infrastructure in regions historically ill -served by such technologies.
What is Saudi Arabia and the Blockchain Center?
The Saudi center AI and Blockchain, or Saaibc, was officially introduced during the RWA summit round in Burj Al Arab. The event, which coincided with Token2049, presented the participation of 40 leaders through governments, fees and investment funds. The aim of the center is to accelerate the adoption of artificial intelligence and blockchain technologies in Mena and in Africa. The participating countries included the United Arab Emirates, Saudi Arabia, Nigeria, Sierra Leone, Kazakhstan, France and the United Kingdom. The initiative completes the vision of Saudi Arabia 2030, a strategic framework aimed at reducing the dependence of the kingdom towards oil and diversifying its economy.
The extent of the initiative is important. Vision 2030 includes an AI fund of $ 40 billion managed by the public investment fund and a wider strategy of $ 100 billion called Project Transcendence. These programs focus on investment in data centers, AI startups and public-private partnerships to accelerate the country's digital infrastructure.
This means that Saudi Arabia invests not only in future technologies, but creates executives where the adoption of blockchain and AI is integrated into national policy and investment strategy.
Why is COTI's participation important?
COTI, a blockchain protocol originally built to approach scalability and confidentiality, is now positioned at the heart of the deployment of the Blockchain of the real world. Its inclusion in Saaibc reflects a broader recognition of its privacy technology, which is increasingly relevant to governments and financial institutions exploring digital assets.
The biggest challenge for the institutional adoption of public blockchains is privacy. Public books can exhibit transactional data, a limitation of regulated financial services. COTI layer 1 protocol is designed to maintain auditability while protecting the confidentiality of users. This is particularly useful in the tokenization of active workers in the real world, or Rwas, such as land registers, state bonds and basic products.
Shahaf Bar-Geffen, CEO of Coti, described the moment as a strategic inflection point. “This is a rare opportunity to shape the blockchain policy and infrastructure at an early stage in the African and Mena region,” he said during the round table.
“By bringing together infrastructure providers, including COTI, with investors, government representatives and businesses, we will be able to test significant projects with contributions from all the stakeholders concerned – giving the greatest chances of success possible.”
What are the active in the real world and why do they matter?
Active active ingredients refer to tangible or out -of -chain active ingredients that can be brought to the blockchain via a process called tokenization. The examples include real estate, obligations, oil reserves, carbon credits and even works of art. The tokenization of such assets makes it possible to exchange them digitally, in smaller units, with improved liquidity and transparency.
For example, if a government wishes tokenize infrastructure obligations, this could create digital representations of these obligations on a blockchain, allowing smaller investors to participate in public financing. Likewise, land registers or agricultural products could be represented digitally and exchanged worldwide.
The Rwas potential market is estimated in thousands of dollars. In a region like Mena, where capital markets are still developing and investment infrastructure is unequal, RWA platforms based on blockchain could unlock capital and strengthen investors.
What happened to the Rwa summit in Dubai?
The RWA summit served as a launch of Saaibc and focused on the challenges concerning the tokenization of assets. Conversations during the event included questions such as regulatory clarity, building confidence between traditional finance (tradfi) and decentralized finance (DEFI), and how to operationalize large -scale tokenization.
Participants represented around $ 500 billion in assets under management. While a large part of the event was held under the rule of Chatham House, the Saaibc training was one of the rare official announcements. He marked a clear step towards the institutional adoption of blockchain in regions which are often excluded from technological tests at an early stage.
This summit has also shown that governments of Mena and Africa are no longer on the sidelines of the development of blockchain. They actively shape the next phase of the blockchain infrastructure, not only as users but as political architects.
My opinion and the latest thoughts
This development indicates a change in the way the blockchain and AI will be institutionalized during the next decade. What stands out is that the pragmatic approach is adopted. Saudi Arabia is not only investing in brilliant technology; It builds executives where technology align with national objectives and regional needs.
The entry of COTI into this ecosystem is not only symbolic. It shows that the infrastructure preserving confidentiality becomes a strategic asset. For the Web3 industry, it is a reminder that the next big wave of adoption may not come from Silicon Valley but public-private partnerships in emerging markets.
It also raises questions for decision-makers and manufacturers: how can infrastructure be designed to adapt both to compliance and decentralization? How can we make sure that these collaborations are inclusive and non-extractive?
Although only time answers these questions, one thing is clear. The foundation is laid and the players are chosen. Those who participate now can have the greatest impact on the progress of this future.
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