Al Shawamikh, Frontech to Develop Sustainable Energy Solutions
Omani Al Shawamikh Oil Services Company signed a cooperation agreement with the leading technology company, Frontech, to develop a sustainable energy management system through the usage of blockchain technology.
The pact was signed by Dr Aflah bin Said Al Hadhrami, CEO of Al Shawamikh Oil Services and Dr Ammar bin Darwish Al Obaidani, CEO of Frontech looks into enhancing the work system and cooperation in developing sustainable energy solutions.
Al Shawamikh Oil Services is one of the trusted local community companies in the oil and gas sector within the energy market in the Sultanate of Oman including fields of sustainable energy.
While Frontech is a leading provider of integrated, customised solutions and systems empowered with blockchain using the latest technologies to develop various systems and platforms in Oman and around the world safely and sustainably.
Based on the agreement, Frontech will develop a system for generating points of specific and recognised value using blockchain technology to represent the units produced in sustainable energy networks.
In the implementation of this agreement, both parties will also hold regular workshops to exchange knowledge and allow specialized experts from various institutions in the two sectors to exchange ideas on field studies of the system.
Dr Aflah bin Said Al Hadhrami said: “Blockchain or the digital blockchains are the new digital revolution that may go beyond the Internet revolution and has gained great momentum recently.
"The agreement between Al Shawamikh and Frontech comes to take advantage of one of the possibilities of the fourth industrial revolution to develop sustainable energy solutions and to meet the aspirations and objectives of Oman's vision 2040 in its renewable renaissance."