The Commodity Exchange of Iran and Amirkabir University signed a memorandum for collaboration on technological projects. Seyed Javad Jahromi, CEO of the Commodity Exchange of Iran, announced that this collaboration is aimed at achieving practical outcomes and implementing real projects.
The Necessity of Accelerating Technological Activities
Jahromi emphasized the importance of speed in project execution, referring to the needs in the fields of artificial intelligence and blockchain. He noted that if timely actions are not taken in these areas, the Commodity Exchange may fall behind in the development process. He also pointed to the capacities of the Computer Engineering Faculty at Amirkabir University and stated: "Investing in human resources and providing a platform for specialists to operate is of high importance."
Collaboration Goals and Technological Needs
The CEO of the Commodity Exchange described the collaboration with the university as results-oriented and urged the steering committee to establish priorities to facilitate the implementation of joint projects. Jahromi emphasized that at least one project should reach a tangible outcome by the end of this year. He also pointed to the technological needs of the Commodity Exchange, including the development of algorithms and strengthening market regulatory mechanisms, stating that these projects can be pursued in collaboration with the university.
Jahromi further referred to the extensive relationship of the Commodity Exchange with various industries in the country, stating that from automotive and steel to petrochemical and mining industries, the Commodity Exchange is connected with a wide range of sectors. This connection provides a valuable opportunity for transferring the scientific achievements of the university to the country's industries.
He also mentioned the statistics of public participation in the financial markets of the Commodity Exchange, stating: "More than 2.2 million people have participated in the gold market of the exchange, and the value of gold held in the vaults has reached approximately 4.5 billion dollars."
In conclusion, the CEO of the Commodity Exchange of Iran expressed gratitude for the efforts made to establish this collaboration and hoped that this partnership would become a lasting initiative, with its results evident in the development of technology and strengthening of the capital market.
