UAE Blockchain firm HyperChain signs Number of Agreements with Blockchain providers

HyperChain a Blockchain Technology Services firm based in Dubai, UAE, has established itself to serve the Blockchain ecosystem in the MENA region.  Hyperchain hopes to build its presence through a series of partnerships with various blockchain solution providers, ICO startups as well as through bridging its extensive blockchain network in Australia to the MENA region.

One of the first MOUs (Memorandum of Understanding) agreements Hyperchain signed was with Multiversum, which has created a relational Crypto Database which can handle not just a single data type but a series of data grouped in graphs. The agreement is intended to upgrade IT solution based systems onto the Blockchain.

Hyperchain has also signed a LOU (Letter of Understanding) with Shyft, a global blockchain based network that facilitate secure sharing of attested and compliant data. As part of the agreemet Hyperchain will become an active ecosystem participant for the Shyft Network, acting as a referral partner.

“I am thrilled to form a partnership with Shyft Network for a potential new business relationship between the partners in the Middle East Region”, said Nassar Al Achkar, CEO of Hyperchain. “This marks another step in Dubai’s enthusiastic mission to become the global technology leader in the smart economy and more specifically the world Blockchain capital by 2020.”