SEED Group a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has partnered with the German blockchain and cybersecurity specialist Ubirch to drive the digital transformation journey of the United Arab Emirates (UAE) and the wider Middle East region.
As part of this agreement, SEED Group will facilitate Ubirch to expand its business portfolio in the region by offering it an effective platform to reach potential customers and market its products and services in an efficient manner. A stable UAE base will allow Ubirch to be a part of one of the fastest-growing economies in the world and stay in close proximity to prospective clients based out of the Middle East, Africa, and Asia regions. SEED Group will act as a springboard for Ubirch and help it address many of the pressing issues in the fields of Internet of Things (IoT), cybersecurity, blockchain, FinTech, and cryptocurrency while establishing it as a leading technology player in the region.
Hisham Al Gurg, CEO of SEED Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said, “As the UAE focuses on building a digital future, our new partnership with Ubirch opens new avenues not only for the German start-up but also for the economy of the Emirates and the wider region. Local businesses, which are looking for trustworthy data security solutions and infallible IoT architecture, stand to benefit from this partnership.”
Founded in 2014, Cologne-headquartered Ubirch ensures the trustworthiness of data by using robust cryptography and innovative blockchain technology. Ubirch seals data certificates at the source and anchors them into the blockchain. Thus, data created by any physical asset become immutable, non-repudiable, and verifiable beyond system boundaries – closing the trust gap between the physical and digital world.
Karim H. Attia, co-CEO of Ubirch, said, “The cybersecurity and IoT market is developing at a breathtaking pace and we see enormous business potential in the MENA Region. We feel honored to be the chosen partner of the SEED Group in Dubai to introduce German digital innovation strength to the Arabic cybersecurity market and are very excited to launch our blockchain-based cybersecurity solution “Made in Germany” to the Emirates and wider region.”
Globally, the IoT sector is booming and offers a fair chance of growth to disruptors like Ubirch. The number of IoT devices, which form the core of smart living solutions, is expected to cross 50 billion globally by the end of this year.
This is not the first partnership SEED Group has carried out with Blockchain companies, the first one was with Jibrel, Invao then it signed with Blocko, liquefy, owtling, Fantom as well as diamond Back for stablecoins.