Blockage Technologies Inc. and Suvik Technologies FZE Joint Venture in Dubai to Accelerate Web3 Entry for Over 1000 Organizations
On February 16, the blockchain technology platform Blockage Technologies Inc. signed a memorandum of understanding with the blockchain technology company Suvik…
On February 16, the blockchain technology platform Blockage Technologies Inc. signed a memorandum of understanding with the blockchain technology company Suvik Technologies FZE. The two sides will establish a joint venture in Dubai, and plan to accelerate the entry of more than 1000 organizations into Web3 within three years. The goal is to launch cross-industry decentralized applications, with an early focus on agriculture, healthcare, supply chain and e-commerce. （PRNewswire）
Blockchain technology platform Blockridge and Suvik will establish a joint venture to accelerate the adoption of Web3
Interpretation of the news:
Blockchain technology and Web3 have been growing at an unprecedented pace, with businesses across different industries rapidly adopting this technology to improve their operations. On February 16, Blockchain Technology Platform Blockage Technologies Inc. and Suvik Technologies FZE signed a memorandum of understanding to establish a joint venture in Dubai, UAE. The aim is to accelerate the entry of more than 1000 organizations into Web3 within three years.
The joint venture will facilitate the development of cross-industry decentralized applications, with a commercial focus on agriculture, healthcare, supply chain, and e-commerce. Through the venture, the two companies will tap into the thriving economic activity of Dubai, known for its technology innovation and business-friendly environment, to deploy blockchain solutions for Web3 secure transactions.
Decentralized applications (DApps) have gained popularity in the blockchain industry, and the collaboration between Blockage and Suvik aims to launch high-performance DApps leveraging blockchain technology. Agriculture has been garnering attention due to climate change and the increasing pressure to produce more food with fewer resources. By implementing blockchain technology into the agricultural sector, the joint venture will create transparency along the supply chain and streamline the distribution of food to those in need.
One of the most promising benefits of blockchain technology in healthcare is the secure storage of health records using smart contracts, which enable data ownership and control by patients. Blockchain technology will be harnessed by the joint venture to address data privacy concerns, as well as enable real-time monitoring of the global health landscape. Supply chain management for industries will include secure and transparent transactional processing for physical goods, digital assets, and financial services.
E-commerce is growing exponentially, with consumers requiring more secure and efficient payment systems. Blockchain technology enables secure and efficient peer-to-peer transactions, allowing for a more decentralized approach to e-commerce transactions. The joint venture between Blockage and Suvik Technologies FZE will focus on developing blockchain technology for Web3 to ensure secure, faster and cheaper e-commerce transactions.
In conclusion, the joint venture between Blockage Technologies Inc. and Suvik Technologies FZE to establish a presence in Dubai and launch cross-industry decentralized applications is a significant milestone in the blockchain industry. Through their joint efforts, the two companies will help accelerate the entry of more than 1000 organizations into Web3 within the next three years, introducing high-performance DApps that will support the agriculture, healthcare, supply chain, and e-commerce sectors.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/915/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
When did the Iost coin go live
<img src='https://img.doulai.com/pic/enpic.php?k=When will the Iost coin be launched? When will the Iost coin be launched? When will the Iost coin be launched? When will the IoST coin be launched? When will the IoST coin be launched? According to official news, on June 9th at 11:00 am, the “Main Board” area of the Huo coin global station will open IOST trading. From a time perspective, as early as December 2019, HuoCoin had already opened the IOST charging service; Starting from early June, IOST’s recharge service was officially launched, and a total of 30 IOSTToken trading functions were simultaneously activated. Users can use BTC, ETH, and USDC to participate in activities and share IOST rewards; At the end of July, the IOST spot market officially opened, with a price of 0.024U and a 24-hour increase of over 130%.
-
Sun Yuchen Receives Large Sum in USDC Transfer
It is reported that according to Whale Alert data monitoring, 4499 million USDCs (about US $98.98 million) were transferred from unknown wallets to Sun Yuchen\’…
-
Russian Crypto Exchange Co-Founder Seeks American Bail Guarantor
On March 27th, it was reported that Anatoly Legkodymov, co founder and major shareholder of Bitzlato, a Russian crypto exchange, had turned to the crypto community to find American
-
Whales Move $7.52 Million Worth of GMX to Purchase $56,000 Worth of LION
According to reports, according to on chain analyst ember monitoring, whales holding 102397 GMX (valued at $7.52 million) transferred 30 ETH to address 0x2a2 9 hours ago, and then
-
The Decrease in “Blue Chip” NFT Series Flooring Prices
On April 17th, it was reported that several \”blue chip\” NFT series flooring prices experienced a general decline: the cool cat non homogeneous token series flooring prices fell to
-
US Stocks Drop in Short Term
According to reports, US stocks fell in the short term, with the Dow down more than 2%, the Nasdaq down 1.18%, and the S&P 500 index down 1.79%. US stocks fell in the short term, with the S&P 500 index down 1.79% Analysis based on this information:The US stock market experienced a downturn in the short term, with major indexes such as the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 index, all showing significant drops. Reports show that the Dow Jones fell by over 2%, with the Nasdaq down by 1.18%, and the S&P 500 index experiencing a 1.79% decrease. This latest trend in the market should be viewed with concern by investors and businesses alike. The stock market is a crucial barometer of economic stability and with a downturn, it is indicative of the current state of the country’s financial health. The reasons behind the decline are open to debate, but it is likely a…
-
FLUUS raised $600,000 in pre-seed funding to roll out beta version for more consumers to access Web3 services.
It is reported that the encryption payment start-up FLUUS announced the completion of a pre-seed round of financing of US $600000, with FHS Capital, Encryptus….
-
Nakamigos NFTs: The Latest Buzz in the Crypto World
According to reports, as of the time of press release, the total turnover of Nakamigos series NFTs was approximately 10710 ETHs, with a market value of approximately 8630 ETH. The
-
Binance Smart Chain (BEP20) Network Upgrades: What You Need to Know
According to reports, Binance issued a notice stating that due to node issues after the upgrade of the Binance Smart Chain (BEP20) network, the BSC charging service has been tempor
-
Silicon Valley Bank’s Outflow Rate of Savings Funds Exceeds Asset Selling
According to CNBC, the outflow rate of savings funds of Silicon Valley Bank (SIVB. O) exceeded the process of raising funds by selling assets.
The outf…
-
Silvergate Faces Non-Compliance Woes with New York Stock Exchange
It is reported that SilverGate, a cryptocurrency bank, received a letter from the New York Stock Exchange informing it of non-compliance with the 10K report.
SilverGate received a -
Everywhere Finance Raises $1.6 Million Through Token Sales
According to reports, the full chain wallet Everywhere Finance completed nearly $1.6 million in financing through token sales. Everywhere Finance was founded by Na ï m Boubziz, a f
-
Blur Launches Fast Bidding Feature in NFT Market
According to reports, Blur in the NFT market announced the launch of a new fast bidding feature on social media. Users can click any line in the bidding tab to pre fill in the bidding amount. Blur Launches New Fast Bidding Feature Analysis based on this information:Blur, a leading player in the NFT market, has recently launched a new feature that will make bidding on NFTs much faster and efficient. According to reports, Blur has introduced a fast bidding feature on social media that allows users to click on any line in the bidding tab to pre-fill in their bidding amount. This move is expected to attract more users to the NFT market and make the bidding process easier and more accessible for them. NFT or non-fungible token is a digital asset that represents ownership of a unique item, such as a piece of art or music. It is stored on a blockchain and can be traded like any other…
-
Perennial Launches Arbitrum to Offer Higher Leverage and Faster Execution Speeds
On February 22, Perennial, the DeFi derivatives agreement, launched Arbitrum, and Perennial said that Arbitrum supports higher leverage, low cost and fast exec…
-
SushiSwap releases user refund update for RouteProcessor2 vulnerability
On April 12th, SushiSwap released a vulnerability and user refund update for RouteProcessor2, stating that for the recovered white hat funds, the team will create a Merkle Claim co
-
**Bitcoin Surges Past $29,500 Amidst High Volatility**
According to reports, the market shows that BTC has exceeded $29500 and is currently trading at $29539.6, with a daily increase of 3.72%. The market is highly volatile, so please d