Singaporean Blockchain start-up DREP recently announced the cooperation with BlockGemini, a leading blockchain development & consultancy agency in the MENA region. DREP is expected to provide infrastructure technical support for Block Gemini for local companies ranging from real estate to finance to supply chain and other industries, and further shape innovative standards for the Middle Eastern market aligned with their 2020 Blockchain Strategy.
During this process, DREP is able to establish a reputation in the region and get connected to enterprises and users in the MENA region, so that DREP public chain and DREP SDK could be put into adoption, which expands user base of DREP ID system and achieves a wider geographic coverage.
DREP and Block Gemini join forces to provide advanced blockchain technical services and solutions for companies in the MENA region.
To further understand local interests, Xu Xiaolong, DREP co-founder visited Block Gemini on April 2nd. As a leading enterprise-grade BaaS (Blockchain as a Service) in the MENA region, Block Gemini has provided blockchain solutions to many Dubai entities, which include Emaar, the largest real estate agency in Dubai. During this visit, DREP core team conducted in-depth conversations with Block Gemini to discuss infrastructure building and the prospects and value-adds blockchain would bring to different lines of business.
With the synergies in place, DREP and Block Gemini reached a strategic cooperation on the technology infrastructure development. As a leading blockchain service provider for enterprises in the MENA region, Block Gemini has a team of experienced developers from IT sector and has connections with many companies in this region. DREP, as an important technology partner of BlockGemini, would offer blockchain-related technology to Block Gemini’s clients indirectly, and help these companies from different industries enjoy the advantages brought by blockchain, thus add massive value to their businesses.
DREP and Block Gemini aim to achieve mass adoption of blockchain technology in Dubai aligned with Dubai 2020 Strategy.
To diversify the oil-based economy, Dubai government and the United Arab Emirates are striving to keep up with industry trends and seize the fourth industrial revolution’s opportunities. Therefore, they have placed great emphasis on any technologies and tools that could improve efficiency and productivity. That is why the Dubai government adopts positive attitude towards blockchain, the nascent technology with enormous potential and makes it as a national strategy – Dubai 2020 Strategy. As Dubai government plans to build the first blockchain powered city by 2020, Dubai would not only issue official digital currency and accelerate development in FinTech, but adopt blockchain and Smart Contracts in all major industries and sectors. Such strategy is anticipated to save 25.1 million hours of labor productivity per year while reduce carbon dioxide emissions.
In line with this policy, government departments and agencies, financial institutions and various companies in public and private sectors in Dubai are exploring how to utilize blockchain. As a participant at the Dubai Future Blockchain Summit, DREP witnessed the enthusiasm and interests local traditional companies, including real estate, media and retail sector in Dubai have for blockchain consulting companies and blockchain service providers to explore “blockchain+” solutions. The cooperation between DREP and Block Gemini is a case in point.
DREP, with advanced technology solutions, is ready to empower more emerging-market companies.
DREP, based on technology export to local enterprises, could build a strong brand image of blockchain service provider in Dubai within a shorter span of time. This could stimulate the interest of local crypto communities, and lay a strong foundation for future development in the MENA region.
In addition to understanding real-world demands for blockchain adoption in the MENA region, DREP is expected to grow more business relations in the Middle East as Dubai government regulates a long-term policy for blockchain adoption and maintains an active involvement in blockchain. In the future, DREP would serve local enterprises and governments in a more direct way, expand this emerging overseas market, and contribute to the development of blockchain in this region and empower its real economy.
DREP is committed to building “connectors” and “toolkits” based on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration. Based on DREP Chain, DREP ID, DREP Reputation Protocol and DREP SDK, DREP aims to build an open data ecosystem on chain, disrupting the status quo of segregated users and data on multiple chains.
Block Gemini is a leading Blockchain development and consultancy firm currently facilitating services in the MENA (Middle East and North Africa) region.