Modex, a blockchain database service provider has partnered with Saudi Arabia’s Digital Point Consulting, a technology company which develops digital solutions to improve businesses and increase revenue, with the aim to increase awareness and familiarize the market in the Middle Eastern region with blockchain technology and its advantages.
Digital Point Consulting assists organizations in digitization by assisting customers to rethink and recreate business models to achieve success by offering services such as Intelligent Automation, Digital Transformation, Cyber Security, Cloud & DevOps Consulting, Open Source Consulting, IoT, Blockchain Technology, FinTech, Machine Learning, as well as Microservices and Container consulting.
According to the press release, the partnership between Modex and Digital Point Consulting started in 2020, however the first steps towards cooperation were done in Lisbon, at Web Summit 2019. Back then, the representatives of the two companies discovered they shared similar values and areas of interests. Therefore, a complementary cooperation started, a partnership where Digital Point brings its network and market assessment capabilities in the Middle East, with focus on the Kingdom of Saudi Arabia, while Modex’s innovative BCDB patented blockchain-database solution brings highly technical and business expertise.
Digital Point Consulting’s focus on a future based on advanced technologies is no coincidence, being a part of a bigger picture: Saudi Vision 2030. This is a strategic framework meant to reduce Saudi Arabia’s dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism. Saudi Vision 2030 aims to transform Saudi Arabia into a globally competitive ICT hub, with modern technologies and an empowered information society. The agenda of Vision 2030 is built on three pillars: a vibrant society, a thriving economy and an ambitious nation.
Strong cooperation with international companies likes Modex – intermediated by local companies like Digital Point Consulting – can help digitize the core business process of companies in the Kingdom of Saudi Arabia, making this the foundation of their transformation plan.
Commenting on this partnership, Mihai Ivascu, Modex CEO and Co-founder, stated: “I am delighted to work alongside our friends from Digital Point Consulting to promote blockchain technology in the Kingdom of Saudi Arabia and, on a wider scale, in the Middle East, and to offer companies the right solutions to enhance their business. With both our companies focused on innovation and with a similar view on a tech-based future, I am confident that we will achieve great results together thanks to our teams of experts from various industries, professionals to the core.”
“The partnership with Modex is a next step to boost the adoption of blockchain technology in the region, and we believe that our newly formed partnership with Modex will add value to the services we currently provide to our clients”, said Khaled Al-Munif, CEO of Digital Point Consulting. “We look forward to working together to realize the full promise of a cost-effective solution to our clients in the region.”