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The VeChain Blockchain platform and the BIOS cloud provider have entered into an agreement to co-market and implement a blockchain-as-a-service and blockchain cloud service framework in the Middle East region.
The partnership will aim to provide solutions such as the Internet of Things (IoT) to over 300 companies in the energy, finance, retail, petrochemical and healthcare sectors in the Middle East region. It will also help to design, migrate and manage their blockchain solutions.
The Middle East BIOS of Dubai is integrating the Security-as-a-Service offering, known as BIOS Secured on the Vechain blockchain. "This will allow you to encrypt and record significant events on the blockchain so that they are not reputable, eliminating the possibility that bad actors change logs," said a joint statement.
Sunny Lu, co-founder and CEO of VeChain, said the company will initially focus on Dubai. "By leveraging the capabilities of BIOS Middle East in cloud services and systems integration, I believe Dominic's team will help accelerate adoption and transactions on the VeChain platform." Starting in Dubai, one of the blockchain friends of the world, "he said.
The services will also be extended to African organizations through the CloudHPT platform.
"BIOS Middle East will work with VeChain to extend its proven blockchain solutions to be directly accessible to Middle East and African organizations through the CloudHPT platform, which will potentially carry thousands of transactions on a daily basis," said Dominic Docherty, managing director, BIOS Middle East.
Founded in June 2015, VeChain connects block-chain technology to businesses by providing a governance structure, an economic model, and IoT integration. Its business partners include DNV GL Business Assurance, PwC Venture Hub Singapore, PwC Greater China and Hong Kong and collaborations in the real world with Bright Foods, BYD, PICC and D.I.G. VeChain, based in Shanghai, also operates in Singapore, Luxembourg, Tokyo, Paris, Hong Kong and San Francisco.
