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0:00:00 Blockchain Data Sharing Secures $16 Million Funding in UAE
0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “BitcoinNews.com”.
0:00:11 Samsung-backed Blocko is launching in the United Arab Emirates in partnership with SEED Group, which is a private office of Sheikh Saeed bin Ahmed Al Maktoum of the royal family.
0:00:21 This comes after it managed to raise USD 16 million in two separate rounds of funding in Asia.
0:00:28 South Korea’s oldest bank, i.e, Shinhan, KEB Hana bank were few of the banks which participated.
0:00:34 Blocko now aims at establishing itself in the Middle East by bringing its Aergo platform in the United Arab Emirates after its successful ventures in Asia and Europe.
0:00:43 Blocko has previously implemented blockchain-based solutions about 38 times in South Korea for companies like Cisco, Samsung and Hyundai.
0:00:52 Perhaps Blocko’s partnership with SEED will help with the upscaling of the enterprise across the globe.
0:00:57 SEED’s CEO said that with their partnership, the increasing need for companies working at the highest level of scale and security can be met.
0:01:06 The UAE is making progress on several fronts related to blockchain developments within its region.
0:01:11 As experts are already predicting, UAE could potentially be the next blockchain business hub, and considering the fact that many nations in the Middle East seek blockchain-based solutions for governmental digital services, the scope for scaling of Blocko only enhances.
0:01:26 BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics.
0:01:32 For more information please read our Editorial Policy here.
0:01:35 Thanks for watching this video!
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