Innovation City Launches Blockchain Business Identity System in Ras Al Khaimah

Innovation City Launches Blockchain Business Identity System in Ras Al Khaimah

Innovation City, the UAE’s AI-focused free zone in Ras Al Khaimah, has launched what it describes as the world’s first blockchain-based digital business identity system. Companies registered in the zone are now issued a cryptographically verifiable, blockchain-native identity built on IOPn’s OPN Chain, according to Gulf News. The system replaces traditional business licences, which are typically static documents or entries in centralised databas…

UAE Innovation City launches world’s first Blockchain-Based Digital Business Identity, powered by IOPn  - Security Middle East Magazine

Innovation City has announced the launch of the world’s first blockchain-based digital business identity system All businesses receive a ‘sovereign, living, cryptographically verifiable identity powered by IOPn’s native layer on blockchain, OPN chain’ Every ownership change, compliance update, and verification is permanently recorded Innovation City, the UAE’s AI-powered free zone in Ras Al Khaimah, has announced the launch of the world’s firs…