The partnership will allow private and public sector clients to use blockchain for applications and transactions
KSA based Blockchain entity Quara Holding has partnered with leading Ethereum software firm ConsenSys, a blockchain infrastructure company supporting innovative solutions for its clients in financial services, real estate, and other sectors. Quara Blockchain is part of the ConsenSys Partner Programme and the partnership sees Quara Blockchain and ConsenSys supporting each other with all activities in Saudi Arabia.
ConsenSys enables companies to issue, distribute and manage the lifecycle of any form of digital assets on a decentralised network. The company is one of the first operators within the real estate industry to enable its clients to use blockchain technology for property investments. The partnership with Quara Blockchain means that both public and private sectors can leverage pioneering software solutions to increase efficiency while being more secure than ever before.
Ziad El Chaar, CEO, Quara Holding, said: “Partnering with ConsenSys brings new and innovative blockchain solutions to our clients, while providing Quara Holding with unrivalled development and continuous support in a whole new decentralised landscape. We are always looking to innovate and bring our clients the best service possible, which is illustrated by this exciting collaboration. It is a huge milestone in the history of our company.”
ConsenSys is also incredibly excited about the partnership. Philip Matov, ConsenSys Business Development lead in the Middle East, said: “At ConsenSys we are looking forward to our partnership with Quara Holding as their commitment to innovation and digital transformation is truly inspiring. Together we will be pushing the boundaries of modern financial infrastructure. We are confident that we will be able to serve as an example and carve a path forward for progressive companies in the region to follow.”
“The potential of this partnership is enormous as it gives clients in various different sectors across Saudi Arabia the chance to use blockchain technology for applications and transactions, which were previously done in a very outdated fashion.” He added: “As a partner, Quara Holding will have full access to the ConsenSys infrastructure, which is the gateway for a number of exciting opportunities. We’re delighted to be working with a forward-thinking company that puts its clients first and has a strong vision for the future.”
Prior to this Quara Holding partnered with German Peaq technology after it had announced its Blockchain strategy in December 2020.