Categories: NewsVeChain

VeChain Enters the Middle Eastern Market by Partnering with BIOS ME

VeChain has signed a MoU with the middle eastern Cloud Provider BIOS to implement a framework for Blockchain-as-a-service and Blockchain-enabled cloud services.

BIOS Middle East is one of the leading cloud service providers in the Middle East with clients across Energy, Finance, Retail, PetroChem and Healthcare sectors. The Dubai based company announced the partnership via a Press Release on December 16th.

VeChain will be providing its Blockchain services to BIOS which in turn will offer its existing clients with the Blockchain-as-a-service (BaaS) to solve various problems.

VeChains Blockchain solution is well suited especially for enterprises comprising the Internet of Things (IoT), BIOS Middle East will be integrating its existing Security as a service solution into the VeChain Blockchain. This will enable the data to be stored more securely as it is encrypted into the immutable Blockchain ledger. This not only allows enterprises to prevent bad actors from manipulating the logs but also helps them to upgrade their security and improve trust and reliability of data.

Sunny Lu, CEO of VeChain said:

Leveraging on BIOS Middle East’s expertise in Cloud Services and System integration, I believe Dominic’s team will help accelerate adoption and transactions on VeChain’s platform. Starting from Dubai, one of the world’s blockchain-friendly states,

Dominic Docherty, Managing Director, BIOS Middle East said:

BIOS Middle East will work with VeChain to extend its proven solutions on the blockchain to be directly accessible to Middle East and African organizations through the CloudHPT platform, which will potentially bring thousands of transactions on a daily basis.”

Blockmanity’s Take

The Middle East is going through a digital revolution, especially places like Dubai are working progressively to embrace Blockchain technology and make the middle east a Blockchain hub. Dubai is actively working on implementing Blockchain based solutions in governance, finance and also in their smart city initiative.

VeChain is taking a step in the right direction by entering the Middle Eastern markets through cloud providers like BIOS.

Image Source: Flickr


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shrikar Parashar

Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

Share
Published by
Shrikar Parashar

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 month ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

2 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

3 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

3 months ago