UAE Flare Blockchain is looking more like a torch these days. In the latest of a series of announcements, Flare, better known as the blockchain for data an EVM smart contract platform, has added Google Cloud as both a network validator and contributor to the Flare Time Series Oracle (FTSO) on the flare network.

So far Flare Blockchain has added 100 organizations as validators and contributors to the FTSO on Flare. These 100 Flare infrastructure providers support both the security of the Flare network as validators and contributers to the decentralized price oracle.

As a network validator, Google Cloud will be responsible for proposing and validating new blocks to the Flare blockchain, thereby supporting the chain’s proof of stake consensus mechanism.

The infrastructure provider role is critical for Flare’s mission to provide decentralized applications on both Flare and other chains with high quality access to decentralized data: price and time series data, blockchain event and state data, and Web2 API data.

For those who don’t know, Flare, the company aims to bring together low cost EVM smart contracts with decentralized data, while giving developers and users trustless access to the broadest range of data, with scalability, low latency, and at minimum cost. According to Flare, this is achieved by utilizing the validators of the network to provide decentralized data to applications as part of a decentralized native oracle system.

Hugo Philion, Co-Founder and CEO of Flare who is based in Dubai UAE, stated, “As the blockchain for data, we are excited that Google Cloud is joining our existing decentralized network of infrastructure providers who contribute to Flare. Our work together will help deliver a more robust decentralized smart contract platform that places decentralized data at its core.”

“Although much of the existing utility in the blockchain space comes from the nexus of decentralized computation with external data, existing oracle systems suffer from meaningful drawbacks: they are hard to decentralize, expensive to use, difficult to scale and have high latency.” Philion said about the challenges of the decentralization of data access, before explaining how Flare’s dual-role approach addresses the issue:

“Because Flare’s oracles are built into the structure of the network, we are the only smart contract platform optimized for decentralized data acquisition and are able to give developers all the data they need to build new, more relevant use cases beyond financial speculation.”

James Tromans, Head of Web3, Google Cloud stated: “Data access at scale is important to increase relevant blockchain use cases and greater global adoption of the technology. Google Cloud becoming a validator on the Flare network will help support that mission.”

Back in November Flare partnered with Elliptic, to integrate Elliptics transactions and wallet screening capabilities into the Flare network. The partnership also allowed organizations building decentralized apps on Flare with access to Elliptic’s real-time wallet and transaction screening tools to uncover any links to illicit actors.

As part of the integration, Elliptic’s monitoring, compliance, and analysis software would support  FLR, the native asset of Flare. Financial institutions, businesses, and regulators as such could utilize these software tools to identify a full range of illicit activities, from small-scale fraud schemes and money laundering to sanctions evasion and terrorist financing.

Then Bitfrost wallet partnered with Flare to offer staking on Flare. As Bitfrost noted during the announcement, “ The introduction of staking on Flare Network is one of the many steps we are taking to ensure our users have easy access to the most advanced and secure crypto management tools in the market.”

Even Arkham intelligene platform for analyzing network data also decided to support Flare. Through the support, users of Flare have access to Arkham’s Intelligence Platform for analyzing network data, the Arkham Oracle for gaining actionable on-chain insights, and the Arkham Intel Exchange for bidding on and winning different Flare-related bounties and auctions. Arkham allows Flare users to maintain tabs on their portfolios and watch what the world’s best traders and investors are doing in real-time. 

As if that was not enough, Flare partnered with Kinetic, a lending and borrowing platform, to bolster the development of decentralized finance (defi) applications on the Flare network.  The collaboration aims to introduce lending and borrowing capabilities, deepen liquidity, and help build a robust defi ecosystem on Flare.

Under the partnership, Kinetic, backed by Rome Blockchain Labs, would provide  a seamless platform for Flare users to participate in DeFi activities and earn block rewards using their supplied digital assets. The platform will also utilize Flare’s native price oracle, the Flare Time Series Oracle (FTSO), to ensure accurate and decentralized price feeds for lending and borrowing activities.

The Flare ecosystem by the end of 2023 boasted of over 150 partners. Among the notable contributors are Metropolis World, Pangolin, BlazeSwap, Uppercent, Covalent, SubQuery, Atriv, aiPX, Punk Domains, Ankr, Arkham, Flarescan, Subsquid, Web3Auth, Etherspot, and Elliptic. Today in 2024 with the addition of Google Cloud, Flare boasts of 100 validators.

Saudi Islamic Development Bank Institute (IsDBI) is collaborating with the blockchain entity SettleMint to develop a Smart Stabilization System (SSS), an algorithm that aims to maintain the stability of assets traded on organized markets, including financial assets or digital currencies.

SettleMint has more than 60 Enterprise blockchain implementations worldwide. It offers a full-fledged Blockchain-Platform-as-a-Service solution. IsDBI, as the knowledge beacon of the IsDB Group, leads the development of knowledge-based solutions. The Institute has already secured patents for its three innovative fintech mechanisms with great potential for the financial industry.

The objective of the SSS is to help stabilize organized asset markets without compromising efficiency. This is done by managing the gap between supply and demand to reduce the volatility of the price while maintaining the role of the gap in equilibrating the market. The patent-pending Smart Stabilization System is unique in managing the pressure on price before the price changes. The System is forward-looking, while most other stabilization systems are backward-looking. Moreover, the SSS is self-financed, and investors’ rights are fully protected.

IsDBI and SettleMint are investigating the use of blockchain and smart contracts to provide autonomous and transparent execution of the SSS.

Mr. Matthew Van Niekerk, the CEO of SettleMint, stated: “International trading activity has been the cornerstone of economic growth and prosperity for thousands of years. As we find ourselves in times of significant economic uncertainty, it is an honor to support the Islamic Development Bank Institute on the design and implementation of new mechanisms that can enhance the stability, transparency, and efficiency of trading activities globally.”

Dr. Sami Al-Suwailem, the Institute’s Acting Director General, welcomed the collaboration on this project as a milestone in the progress of the Islamic fintech industry. He said: “The world is moving fast on the digitalization of financial transactions. This requires a robust stabilization system in place to minimize the instability associated with fast movements of funds, as has been proven by the recent banking crisis. I am pleased that my colleagues are capitalizing on the patent-pending Stabilization System to develop a practical solution to assist our Member Countries in achieving digital transformation with minimum financial instability.”

UAE Based Web3Wed has carried out the first wedding on the Polygon Blockchain with NFT rings that incorporate Bitcoin. According to the press release, Web3Wed allows couples to formalize their relationships using smart contracts on the blockchain which is then updated in case of divorce.

The Blockchain marriage is not considered legal obligation though.

The first blockchain wedding marked the official launch of the platform. “The world is changing so fast, but marriages are still the same as centuries ago,” said Yury Reut, the founder, and CEO of “Why can’t we connect people using blockchain? Co-living defeated the old matrimony system; it is a fact.”

Couples choose NFT wedding rings that symbolize their participation in the marriage. Additionally, the service can add Bitcoin to the NFT wedding ring, making it an asset for the couple that would be returned in the case of divorce to the wallet of the ring owner.

“We’re excited to offer an innovative solution to couples who are looking for a new way to formalize their relationship,” said Reut. “Our platform offers a decentralized, secure, and transparent way to record and manage marriages, making it the ideal solution for modern couples.”

The first-ever NFT engagement rings collection by will be available in June. Couples can purchase NFT wedding rings and initiate their blockchain marriage with them, while NFT engagement rings will allow them to make a beautiful proposal.

The Blockchain marriage service,, hosted the first blockchain wedding on April 28, 2023, at Bali’s K-Club, Ubud. Ilya and Elizabeth tied the knot and recorded their union in a smart contract on the Polygon blockchain.

Could this be the future of all marriage arrangements without the hassle of lawyers.