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Blockchain Startups, Exchanges, and Coins Flourish in MENA

More companies from different countries in the MENA region are warming up to integrating blockchain technology, including Qatar, Lebanon, UAE, and KSA.

So far, 2019 has been good for Blockchain in MENA region. More startups utilizing Blockchain are being supported in both Abu Dhabi and KSA.

In addition there has been a gradual increase in the number of companies from the region launching security Token offerings one such company is Sumner group.  This follows Emaar Properties announcement for its Utility token offering and eventual ICO two weeks ago.

Even Qatar is moving with the launch of the hybrid digital exchange using Idinar Token

The UAE banking sector has reaffirmed the importance of Blockchain when it comes to KYC. This coupled with the recent announcement of IBM’s worldwire payments network and previous articles on the topic show that MENA banking sector will be using Blockchain extensively in 2019.

Finally, Blockchain is making strides in countries such as Lebanon with startups such as BlocRecs that seeks to solve university degree fraud using blockchain.

UNLOCK is also proud to be media partnering with Consensus one of the leading global Blockchain events. We have a special discount for our readers that can be availed when you click on the banner below.

So far, 2019 has been good for Blockchain in MENA region. More startups utilizing Blockchain are being supported in both Abu Dhabi and KSA. In addition there has been a gradual increase in the number of companies from the region launching security Token offerings one such company is Sumner group. This follows Emaar Properties announcement for its Utility token offering and eventual ICO two weeks ago. Even Qatar is moving with the launch of the hybrid digital exchange using Idinar Token The UAE banking sector has reaffirmed the importance of Blockchain when it comes to KYC. This coupled with the recent announcement of IBM’s worldwire payments network and previous articles on the topic show that MENA banking sector will be using Blockchain extensively in 2019. Finally, Blockchain is making strides in countries such as Lebanon with startups such as BlocRecs that seeks to solve university degree fraud using blockchain. UNLOCK is also proud to be media partnering with Consensus one of the leading global Blockchain events. We have a special discount for our readers that can be availed when you click on the banner below.

Please don’t miss out on the many other Blockchain events taking place in the region and globally. Check out our calendar.

 


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