Swiss Hashgraph association partners with UAE du telecom for enterprise blockchain solutions

Swiss Hashgraph association partners with UAE du telecom for enterprise blockchain solutions

Swiss based Hashgraph association has partnered with UAE du telecom to harness the potential of the Hedera Blockchain to offer secure traceable and scalable solutions for enterprises.

du and the The Hashgraph Association will provide innovative blockchain solutions to small and medium-sized enterprises (SMEs), governmental institutions, and municipalities by leveraging the efficiency of Hashgraph on a decentralised, public network, the Hedera Distributed Ledger Technology ensures a trusted and reliable foundation for the newly developed solutions.

Target sectorswill include manufacturing, healthcare, education, smart cities, and agriculture, catering to a wide range of industries seeking secure and efficient applications.

Notably, Hedera stands out as the greenest proof-of-stake network according to UCL research, aligning perfectly with du’s commitment to providing sustainable solutions.

Prior to this Kuwait based Zain telecom group had joined Hedera as one of their governing council members. 

In June 2023  Hashgraph Association, an independent non-profit organization focused on building a vibrant innovative ecosystem for startups, enterprises, and government institutions leveraging the capabilities of Hedera Hashgraph announced it would be expanding into the UAE and launching Hashgraph Ventures out of Abu Dhabi’s ADGM ( Abu Dhabi Global Market) with several important large enterprise collaborations within the UAE. 

In addition Humans.ai Blockchain for AIs which announced it would be working with UAE based RAK Digital Assets Oasis (RAK DAO) and Blockchain AI empowered platform Humans.ai   to drive artificial intelligence innovation in the Ras Al Khaimah (RAK) UAE, had introduced wrapped AI NFTs using Hedera Hashgraph blockchain network. 

Humans.ai’s cutting-edge Blockchain for AIs has launched its cross-chain interoperability with Hedera Hashgraph, to revolutionize the way AI NFTs are used across different platforms.

UAE’s RAK Digital Oasis partners with Human.ai to bring Blockchain AI to companies in the ecosystem

UAE’s RAK Digital Oasis partners with Human.ai to bring Blockchain AI to companies in the ecosystem

UAE based RAK Digital Assets Oasis (RAK DAO) and Blockchain AI empowered platform Humans.ai  have partnered to drive artificial intelligence innovation in the Ras Al Khaimah (RAK) UAE. The Memorandum of Understanding (MOU) signifies the launch of an operational collaboration that will reshape AI technology within the world’s first Free Zone dedicated to global digital and virtual asset companies.

The strategic alliance aims to provide exclusive incentive packages to the first AI-focused companies establishing themselves in RAK DAO. These companies will gain access to RAK DAO’s partner ecosystem, offering services like toolkits, Dapps, tech solutions (including Humans.ai), investment opportunities, venture capital partners, banking, and licensing.

This partnership intends to create a robust blockchain framework that empowers AI companies in RAK DAO. This framework ensures secure governance and operation of AI models while maintaining transparency. Additionally, companies will tap into Humans.ai’s network, products, services, tools, and tech support to enhance operational efficiency and capabilities.

Sabin Dima, Humans.ai’s Founder and CEO, emphasized the significance of the partnership in fostering innovation, technological advancement, and economic growth. The combined expertise of Humans.ai and RAK’s visionary support will establish an ecosystem that encourages entrepreneurship and AI adoption, thereby impacting the global AI landscape.

Dr. Sameer Al Ansari, CEO of RAK DAO, underscored the partnership’s role in propelling Ras Al Khaimah to the forefront of AI technology. The collaboration will explore avenues to accelerate AI advancement, including joint Accelerators, Venture Studios, and similar initiatives that catalyze AI-driven entrepreneurship.

Humans.ai is in the UAE after partnering with UAE based blockchain consultancy studio Deca4 in Dubai.

In addition Humans.ai Blockchain for AIs introduced wrapped AI NFTs using Hedera Hashgraph blockchain network. Humans.ai’s cutting-edge Blockchain for AIs has launched its cross-chain interoperability with Hedera Hashgraph, to revolutionize the way AI NFTs are used across different platforms.

Humans.ai aims to scale the company’s innovative wrapped AI NFTs on the Hedera blockchain as a growing community of projects, applications, and ecosystem tools provide compelling reasons to choose Hedera to bring AI NFTs to the masses.

UAE RAK Digital Assets Oasis partners with HBAR Foundation to fund and grow Blockchain Web3 members

UAE RAK Digital Assets Oasis partners with HBAR Foundation to fund and grow Blockchain Web3 members

UAE’s RAK Digital Assets Oasis (Ras Al Khaimah DAO), the world’s first and only free zone dedicated to global digital and virtual assets companies, and The HBAR Foundation have signed of a Memorandum of Understanding (MOU). The HBAR Foundation will support RAK DAO ecosystem members to leverage the power of blockchain and build economies and applications on Hedera, the most used enterprise-grade public network.

This marks RAK DAO’s first operational relationship, bringing together the expertise and resources of both companies to provide direct and streamlined access to benefits within the Hedera ecosystem. These include a comprehensive grant program, financial backing processes, specialized expert support across technology, marketing and business development, and support to scale adoption and innovation of new ideas in the Web3 space.

“By creating and enabling the world’s first licensed Web3 ecosystem, we are facilitating the seamless exchange of information, connecting businesses across sectors, and paving the way for synergistic relationships to flourish. Together, we are unlocking a world of new possibilities, empowering entrepreneurs, and propelling innovation forward,” says His Highness Sheikh Mohammed bin Humaid bin Abdullah Al Qasimi, Chairman of RAK DAO. “This collaboration is a testament to our shared commitment to driving sustainable growth and shaping a future where Ras Al Khaimah emerges as a global leader in the digital economy.”

Together, RAK DAO and The HBAR Foundation will spearhead various initiatives in the Digital Assets Oasis ecosystem, including regular startup and scale-up pitching sessions, opportunities to connect with partners and investors, and explore avenues to launch joint projects such as venture studios or accelerators.

The HBAR Foundation grantees will also benefit from discounted set-up and licensing packages to establish themselves in RAK DAO, as well as access to effective banking solutions available to all members of the ecosystem. Both companies will work together dynamically to foster collaboration, fuel innovation, overcome barriers, and empower entrepreneurs in their journey to build the future of Web3 and blockchain technology.

“The United Arab Emirates has established itself as a dynamic hub for Web3 innovation, magnetizing global enterprises and top-tier talent. We eagerly anticipate joining forces to pioneer the future of the emerging technologies landscape,” says Shayne Higdon, CEO of the HBAR Foundation. “Through this exclusive relationship between The HBAR Foundation grantees and RAK DAO, we’re honored to provide grantees with greater access to the UAE whilst working together to establish RAK DAO as a major hub for the Web3 and digital assets sector.”

Blockchain Hashgraph Association to support startups in UAE with Hashgraph Ventures

Blockchain Hashgraph Association to support startups in UAE with Hashgraph Ventures

As the Blockchain ecosystem grows in the MENA region, Blockchain Hashgraph Association, an independent non-profit organization focused on building a vibrant innovative ecosystem for startups, enterprises, and government institutions leveraging the capabilities of Hedera Hashgraph  will be expanding into the UAE and launching Hashgraph Ventures out of Abu Dhabi’s ADGM ( Abu Dhabi Global Market) with several important large enterprise collaborations within the UAE. 

In an article in Khaleej Times, Kamal Youssefi, president of the board of The Hashgraph Association, emphasized UAE’s appeal for blockchain companies, citing its innovative regulatory framework, strong talent base and diverse community. He states in the article,  “I have just returned from the governing council meetings held at Google’s campus in San Francisco, and there was a consensus that the UAE’s innovative regulatory framework, strong talent base and diverse community make it an attractive destination for blockchain companies.”

Youssefi adds, “Dubai has become an important hub to support our activities in the region and grow Hedera Hashgraph ecosystem adoption in the Middle East.”

Hedera’s governing council members are Google, Dell, IBM, Boeing, Chainlink Labs, Deutsche Telekom, EDF (Électricité de France), LG Electronics, Ubisoft, University College London, with Middle East entities such as Zain Telecom.

Moreover in 2022, the Dubai International Financial Centre (DIFC) Courts launched Tejouri, a global digital vault, on the Hedera Hashgraph network. The platform enabled the upload and secure storing of documents ranging from insurance contracts, title deeds, Wills, and financial certificates, to images and multimedia files and can be utilized by all individuals globally.

According to Youssefi, given that Hedera Hashgraph has been built from the ground up with enterprise and government use cases I mind, and given UAE’s ambitious blockchain plans, he sees Hedera Hashgraph as a perfect fit for the UAE.

This optimism extends to the entire MENA region. Youssefi states, “We’re extremely bullish on the continued growth of DeFi, gaming, trade finance, and other projects that can lower the costs and expand accessibility for millions of underserved people in the MENA region.”

UAE AmanaSolar selects Blockchain Hedera Network CarbonCore solution

UAE AmanaSolar selects Blockchain Hedera Network CarbonCore solution

UAE Amana Solar has selected to work with KrypC, a global technology company automating carbon offset creation and distribution utilizing  CarbonCore, a solution running on the carbon-negative Hedera network that aims to make carbon trading markets more reliable, efficient, and inclusive.

CarbonCore stores, tracks and distributes carbon credits, and acts as an end-to-end carbon offset marketplace where industrial supply and demand meet. The application can be integrated with existing platforms to allow carbon emitters to easily purchase carbon offsets, and enables environmental projects to provide carbon credits to the market through a streamlined tokenization and minting process.

Amana Solar, a global leader in the installation of rooftop solar power, will work with KrypC and CarbonCore to develop advanced, highly granular Renewable Energy Credits (RECs), enabling the efficient tracking and offsetting of carbon emissions. Their critical strategic goal for the partnership is to utilize the CarbonCore market to issue their own Renewable Energy Certificates (RECs).

Riad Bsaibes, president and CEO of Amana Investments, said: “Amana is passionate about bringing efficient solar energy to our customers, and with the help of CarbonCore, we can go even farther. CarbonCore has streamlined the process of tokenizing carbon offsets, and we look forward to entering the fast-growing Web3 space to bring further innovation to the regional solar energy market.”

Ravi Jagannathan, Founder and CEO at KrypC, said: “A key part of KrypC’s mission is to help industry leaders like Amana and other enterprise customers of KrypC by building, deploying, and managing innovative distributed ledger solutions. CarbonCore, built on the Hedera network, is a ledger for creating the trust chain for the underlying VCUs/VERs/iRECs. By onboarding Amana and other enterprises to CarbonCore, we help large enterprises to go even further in their ESG journey to confidently offset, decarbonize and make a lasting impact on the global climate challenge.”

CarbonCore has been funded through a partnership with the HBAR Foundation’s Sustainable Impact Fund, created to provide funding for various Hedera-based solutions centered on environmental sustainability. KrypC’s decentralized architecture has capabilities for building tokenized assets markets on the network, significantly reducing the time for projects and developers to build on top of the network.

Wes Geisenberger, Vice President of the HBAR Foundation, said: “The HBAR Foundation Sustainable Impact Fund was created with a strategic goal of fostering transparency and accountability in environmental markets. We are excited to support the new partnerships that CarbonCore is building with Amana, and their customers, who have a wealth of knowledge in the industry. We are excited that KrypC and Amana share our values in bringing the balance sheet of our planet to the public ledger.”