Stc Bahrain launches Web3 infrastructure with Avalanche Blockchain

Stc Bahrain launches Web3 infrastructure with Avalanche Blockchain

Stc Bahrain recently announced the launch of “Intersect the Network” on Avalanche Blockchain. As per the press release, the initiative aims to advance Web3 innovation, promote digital transformation for decentralized applications (dapps). In April 2024, stc Bahrain announced its partnership with Avalanche Blockchain to build Web3 in the MENA region.

Intersect aims to be the entry point for new users and organization to transition from the world into the Web3.

The infrastructure for this network has been provided through a joint collaboration between stc Bahrain and their Qal’at Path partner Avalanche.

To commemorate the launch of ‘Intersect the Network’, a 30-day virtual Web3 Makeathon + Hackathon will be held starting August 12. stc Bahrain, along with Avalanche, is proud to announce their title sponsorship for this event. Additionally, Nirvana labs, Chainlink, Lionscraft, OneKey, K3 Labs and Candide Labs will be event partners, sponsoring exciting prizes for the participants. The event aims to bridge the gap between the real world and the world of Web3, fostering creativity and innovation through both coding and non-coding tracks.

No-code tracks will invite artists to design unique artwork and profile pictures, while coding tracks will challenge developers to build solutions in Gaming, Music, Media, Interoperability, and Security on ‘Intersect the Network’. Registrations for the Intersect Makeathon + Hackathon are now open at intersect.to

“We are thrilled to unveil Intersect, a new blockchain network on Avalanche that opens up new possibilities for Web3 innovation. We hope this platform will serve as a catalyst for Web3 development, providing a space for groundbreaking applications and services globally. This initiative also underscores our dedication to empowering the people of Bahrain with innovative solutions and new technologies in line with Bahrain’s Vision 2030 goals. The upcoming Intersect Makeathon + Hackathon is an exciting opportunity for creative minds from all over the world to showcase their talent and bring innovative ideas to life. We can’t wait to see how participants will leverage this platform to intersect the real world and the world of Web3.”

“We are proud to announce a significant milestone in our partnership with stc Bahrain through the unveiling of the Intersect Avalanche L1. We hope this initiative will help enhance the Avalanche ecosystem both in the Middle East and worldwide, fostering a thriving environment for decentralized applications. In addition, we’re excited to support the upcoming Makeathon + Hackathon, a great opportunity for developers and artists alike. We look forward to seeing some amazing applications and innovations come to life.”

For more information and to participate in the Intersect Makeathon + Hackathon, visit the website at intersect.to   
 

stc Bahrain partners with Avalanche Blockchain for Web3 growth in MENA

stc Bahrain partners with Avalanche Blockchain for Web3 growth in MENA

During the recent Token 2049 Dubai event, stc Bahrain, a telecom operator and digital enabler, partnered with Ava Labs to advance the progress of Web3 in the region. By launching an Avalanche Subnet as part of its Web3 Launchpad Program, stc Bahrain is striving to accelerate the adoption and expansion of blockchain across the Middle East.

Avalanche has been selected as the Qala’a Path Partner and Industry Ambassador. The Qala’a Path is named after a UNESCO heritage site, Qala’a al-Bahrain (Bahrain Fort), emblem of strength and intercultural confluence. The partnership aims to build a foundation for Web3 in the region.

stc Bahrain is a subsidiary of stc group, with a brand valued at $13.9B. stc has a track record of innovation, highlighted by the initiatives of deploying the world’s largest undersea cable (linking Europe, Africa, and Asia) and the development of the region’s first integrated data center park, which covers 55,000 square meters.

Now, stc Bahrain will be using Avalanche to catalyze the region’s Web3 development.

To stc Bahrain, Avalanche stands out for its near-instant transaction finality, high throughput, and robust Subnet architecture allowing for the development of customized solutions. Subnet performance and flexibility will prove key to the sweeping initiative, as stc Bahrain’s launchpad aims to establish a regional ecosystem consisting of a range of dApps – all while maintaining high performance and security.

As an Avalanche builder, supporter, and official ambassador in MENA, stc Bahrain will spur the greater adoption of Web3 on Avalanche in the region. This will entail fostering innovation and driving community engagement via co-marketing, conferences, hackathons, and related efforts.

“We are excited to embark on this journey with Avalanche, leveraging their groundbreaking technology to elevate our Web3 infrastructure,” said Saad Odeh, Chief Wholesale Officer at stc Bahrain. “Deploying an Avalanche Subnet is a testament to our dedication to leading digital transformation and innovation in the region.”


“We are honored to align with stc Bahrain to expand Avalanche’s presence in the Middle East and North Africa,” said John Nahas, SVP of BD at Ava Labs. “Subnets have the performance and flexibility needed for stc Bahrain to cultivate a powerful Web3 ecosystem, and for the people of these regions to benefit from cutting-edge blockchain applications. This launch coincides with our larger plans for the MENA region which are upcoming.”

stc Bahrain has been forging partnerships with major Web3 and Blockchain entities with the most recent being DePin infrastructure provider Aleph Zero.

Saudi Telecom Bahrain embraces DePin with Aleph Zero

Saudi Telecom Bahrain embraces DePin with Aleph Zero

Saudi Telecom Company Bahrain better known as stc Bahrain has partnered with Aleph Zero to explore DePIN ( Decentralized Physical Infrastructure network) use cases.

Aleph Zero has formed an alliance with stc Bahrain, Telecom operator in Bahrain. The collaboration with Aleph Zero is set to bolster stc Bahrain’s Web3 initiatives that will improve the breadth and depth of the experiences that are offered to stc’s customers.

The first step of the collaboration is for stc Bahrain to deploy validator nodes on Aleph Zero. At the same time, Aleph Zero will join stc’s Pearling Path initiative, a Web3 Launchpad Program designed to accelerate Web3 adoption in the Middle East. Pearling Path focuses on integrating blockchain infrastructure to address regional challenges and enhance economic growth.

As per the press release, the partnership will not only broaden stc Bahrain’s infrastructure portfolio, but will also bolster Aleph Zero’s network and adoption—which stc Bahrain recognized for characteristics such as privacy, scalability, security, and speed. Aleph Zero also stood out to stc Group’s subsidiary thanks to the team’s technological prowess and unique approach to tackling on-chain privacy and enterprise-grade scalability challenges.

Saad Odeh, stc Bahrain Chief Wholesale Officer noted, “Aleph Zero brings privacy-enhancing technology and a scalable, decentralized network that resonates with our vision for a seamless digital future. Privacy-enhancing web3 protocols and Telecoms are a perfect match.”
stc Bahrain also highlighted Aleph Zero’s innovative consensus protocol, AlephBFT, and the fact that it is a public network offering robust privacy technology through a blend of Zero-Knowledge Proofs (ZK-SNARKs) and Secure Multi-Party Computation (sMPC). The company is confident in Aleph Zero’s ability to deliver a secure, scalable solution, and lay the groundwork for private, verifiable transactions–without compromising sensitive data.

Antoni Zolciak, Aleph Zero Co-founder added,” stc Bahrain stands as a pioneer in the Gulf region, leading the charge in introducing Web3 and blockchain solutions to its extensive customer base. Aleph Zero is thrilled to collaborate with such a prominent player in the telecommunications arena, that shares our dedication to secure, scalable, and privacy-focused blockchain infrastructure. We look forward to seeing how our combined efforts will contribute to advancing a more secure, decentralized DePIN digital ecosystem across the Gulf region and beyond.”

In the past weeks stc Bahrain has signed several partnerships with blockchain entities including stc Bahrain operating nodes on Core Chain Bitcoin Layer 1 blockchain as part of its Web3 launchpad initiative. It also partnered with Lionscraft for blockchain and Web3 services.


Stc Bahrain operates nodes on a Bitcoin Layer1 Blockchain

Stc Bahrain operates nodes on a Bitcoin Layer1 Blockchain

Stc Bahrain, the Saudi Telecom subsidiary in Bahrain, has once again showcased how the telecom industry can embrace Blockchain,Web3 and now DeFi with stc Bahrain operating nodes on Core Chain Bitcoin Layer 1 blockchain. Stc Bahrain has partnered with Core Chain DAO as part of its Web3 launchpad initiative.

As part of stc Pearling Path Partnership Program, a Web3 launchpad in MENA, stc Bahrain will deploy and operate nodes on the Core Chain network, bolstering its resilience as a key infrastructure provider in the Gulf.

As per the press release, this initiative underscores stc Bahrain’s commitment to digital transformation and Core’s mission to promote global blockchain adoption.

“By incorporating Core Chain into our Pearling Path initiative, we’re not just adopting a blockchain protocol; we’re laying the groundwork for scalable innovation for the future. This is a significant step towards building a cohesive Web3 ecosystem in the Gulf,” said Mr. Saad Odeh , Chief Wholesale Officer at stc Bahrain.

Core Chain’s commitment to privacy, scalability, and its Satoshi Plus consensus mechanism align with stc Bahrain’s vision to foster economic growth in the region. By integrating the strengths of Proof of Work (PoW) and Delegated Proof of Stake (DPoS), Core Chain is able to create a blockchain environment that is not only secure and decentralized but also highly scalable to meet the evolving demands of the digital landscape.

Recently Core Chain launched Core Ignition is a carefully designed six-month incentive program launched on March 11, 2024, aimed at rewarding the Core community for their contributions to the network.

As per their announcement, the world of Decentralized Finance (DeFi) is constantly evolving, and the concept of BTCfi (Bitcoin DeFi) is at the forefront of this innovation.

In March 2024 Stc Bahrain, announced that it will be offering Web3 infrastructure services using blockchain in partnership with LionsCraft for the Bahrain market. Lionscraft provides cutting-edge technology and business consulting in the thriving Web3 space.

In 2022 stc Bahrain also became the first telecom operator in Bahrain to accept cryptocurrencies through its partnership with Eazy Financial Services, a leading Bahraini Payment Services provider specializing in POS and online payment gateway. EazyPay uses BinancePay and wallet to offer this service to more than 5000 POS terminals in Bahrain.