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.
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