Singaporean blockchain start-up DREP and BlockGemini, a blockchain development and consultancy agency in the MENA region have recently announced the formation of a partnership. DREP is expected to support BlockGemini’s infrastructure support for local companies ranging from real estate to finance to supply chain and other industries, and further shape standards for the Middle Eastern market aligned with its 2020 Blockchain Strategy.
During this process, DREP is aiming to establish a reputation in the region and connect with enterprises and users in the MENA region, so that DREP public chain and DREP SDK can be put into adoption while expanding the user base of the DREP ID system and achieving a wider geographic coverage.
DREP and BlockGemini 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 BlockGemini on April 2nd. As a leading enterprise-grade BaaS (Blockchain as a Service) in the MENA region, BlockGemini has provided blockchain solutions to many UAE entities.
During this visit, DREP core team conducted in-depth conversations with BlockGemini to discuss infrastructure building, the prospects and value-adds blockchain would bring to different lines of business. With this synergy in place, DREP and BlockGemini have reached strategic cooperation on the technology infrastructure development.
As a leading blockchain service provider for enterprises in the MENA region, BlockGemini has a team of experienced developers from the IT sector and has connections with many companies in this region. DREP, as BlockGemini’s partner, would offer blockchain-related technology to clients indirectly, and help these companies from different industries enjoy the advantages brought by blockchain, thus add immense value to their businesses.
DREP and BlockGemini aim to achieve mass adoption of blockchain technology in Dubai aligned with the Dubai 2020 Blockchain Strategy.
To diversify the oil-based economy, the 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 a positive attitude towards blockchain, the nascent technology with enormous potential as a national strategy — Dubai 2020 Blockchain Strategy.
As the Dubai government plans to build the first blockchain powered city by 2020, Dubai would not only issue an official digital currency and accelerate development in FinTech, but also adopt blockchain and Smart Contracts in all major industries and sectors. Such a strategy is anticipated to save 25.1 million hours of labor productivity per year while reducing 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 of the Dubai Future Blockchain Summit, DREP witnessed the enthusiasm and interests of local traditional companies from the real estate, media and retail sector in Dubai 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 as a blockchain service provider in Dubai within a short 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 markets, and contribute to the development of blockchain in this region and empower its real economy.
Headquartered in Dubai, UAE, BlockGemini was established by brothers Christopher Fernandez and Chad Fernandez as a software development company primarily focused on building enterprise solutions that leverage emerging technologies including Blockchain, Artificial Intelligence, and IoT. BlockGemini has successfully built partnerships with corporate giants, while also establishing itself as one of the biggest blockchain service providers in the MENA region.