Bitfury opens regional Operations in MENA region

In the company’s first official visit to the UAE, the Bitfury Group announced the launch of its regional operations and held seminars in Dubai and in Abu Dhabi with Emercoin to showcase blockchain projects that will improve services for companies, governments and individuals around the world. The event in Dubai was held in Dubai Design District and in Abu Dhabi was with KryptoLabs, an incubator based in Masdar City.

Bitfury invited developers, blockchain enthusiasts and other industry experts to shed light on the team’s innovative services, frameworks and applications for the next generation of blockchain solutions: Emercoin, Exonum and LightningPeach.

“According to the International Data Corporation, spending on blockchain technology in the Middle East and Africa region is projected to double this year to $80.8 million. The UAE is spearheading investment in this regard as is evident by several government initiatives,” said Alex Botezatu, head of Software for Bitfury. “We are excited to share our expertise here with other members of a community that is dedicated to raising appreciation for the technology and moving it closer to universal adoption.”

Emercoin is an emerging leader in secure, distributed blockchain business services. With many companies using Emercoin technology, there is a core Emercoin team that maintains and develops services for the public Emercoin Blockchain, which uses the Emercoin cryptocurrency (EMC) to perform a variety of services.

“Offering some of the most innovative, real-world solutions, the Emercoin Blockchain is the premier public blockchain for secure, decentralized business operations,” said Konstantin Bigus, head of business for Emercoin. “The Emercoin Blockchain is much easier to code programs on and, as a result, the company can develop a whole suite of programs on top of its blockchain.”

Exonum is an open-source, extensible framework developed by Bitfury that enables users to build the blockchain solutions they need to achieve their individual goals.

“Blockchain technology is improving the way data and assets are managed, moved and secured around the world,” said Alex Shevchenko, head of Exonum for Bitfury. “The opportunities are limitless, and Exonum turns those opportunities into reality.”

The Lightning Network is an additional layer of payment channels, built on top of a public blockchain, that enables instant micropayments and better performance. Initially designed for the Bitcoin Blockchain, these payment channels can help cryptocurrencies establish better efficiency and lower wait times. The Lightning Network will form the foundation of the next generation of the digital economy, including global payment streams, decentralized marketplaces, and micropayments/optimization of the Internet of Things.

“Peach is a team of developers committed to growing the Lightning Network and encouraging adoption worldwide,” said Viacheslav Zhygulin, head of the Lightning Network project for Bitfury. “LightningPeach is a community-driven, open-source blockchain layer that we believe will help boost the growth of the Lightning Network.”