Building full-scale enterprise blockchain solutions
On Oct. 2, Middle Eastern business publication Arabian Business reported that Blocko has partnered with SEED Group, a member of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum in the UAE.
Before launching in the UAE, Blocko raised a total of $16 million through two separate funding rounds. South Korea’s oldest bank, Shinhan Bank, as well as KEB Hana Bank, LB Investment and Dadam Investment are among those who participated in the funding round.
“We launched Aergo in response to the growing need for data sharing between industries and companies in areas such as identity verification, document management and the Internet of Things – the same areas in which the Middle East in particular is seeking practical solutions.”
Blocko previously completed 38 full-scale enterprise blockchain solutions in South Korea for companies like Samsung, Hyundai Motors and Cisco and hopes to continue building through the SEED partnership. SEED Group CEO Hisham Al Gurg said:
“The UAE and the wider Middle East region are constantly seeking advanced blockchain solutions for government and digital services. And so, we recognised the partnership with Blocko and Aergo as a solution to satisfy the increasing need for companies working at the highest level of scale and security.”
UAE Ministry of Health uses blockchain
United Arab Emirates’ Ministry of Health and Prevention launched a blockchain system to record and share healthcare data. The blockchain-based platform will “save and share the assessment information of health professionals, including doctors, pharmacists and technicians with local licensing health authorities.”