ESPEO Sees Dubai as Epicenter for Blockchain fueled by the Government initiative

Lara Abdul Malak 7 August 2018

2 minutes read

UNLOCK spoke with Mickael Costache, the regional Director MEA at Espeo Blockchain about their recent move to the MENA region with offices in Dubai Design District.

Espeo Blockchain is a technology company that has been in operation for over 10 years. In the past year and a half it has built its expertise as a Blockchain solution provider. Espeo now plays a role as a full service technical partner for both ICOs as well as Blockchain solution provider for companies and governments. According to Costache, “Today we have over 25 developers fully dedicated to Blockchain. Our aim is to develop Blockchain solutions in various industries. We also carry out feasibility studies and consider ourselves as advisors.”

Espeo is working on various implementations on platforms such as Ethereum, Hyperledger, NEO and EOS. Espeo is currently working on 15 projects across the USA and Europe and has recently entered the MENA region through Dubai. As Costache explains, “We set up in Dubai in specific because we see it as the epicenter for Blockchain influenced by the government projects in this space. We are well equipped to work with governments and have built partnerships in Singapore, China, and South Korea.”

Costache adds, “In the MENA region we are focusing on providing Blockchain solutions, as the appetite for ICOs is still very low, this will of course increase when the regulatory environment and legal structures become clearer.”

In terms of the Blockchain industries that have a strong potential in the MENA region, Costache sees remittance, real-estate, retail and oil and gas as one of the major beneficiaries for Blockchain implementations. As Costache states, “We see big private conglomerates with strong appetite for Blockchain implementations and we are currently offering training and advisory for some of them in the region.”

As for advising ICOs, Costache states, “We stand behind ICOs that have a great project, ICO startups should exist to solve a problem.”

As for the future plans, Costache is aiming to build and expand the company’s presence in the MENA region with impactful projects and sign partnerships with more stakeholders in the industry. Costache believes that Espeo stands apart from the rest because it provides two basic elements, “We offer a strong Blockchain solution, advisory services but at fair prices and this gives us an edge over others. With our presence now in Dubai we are close to the dynamism of UAE government in this field as well as other MENA governments.”