the UAE’s Digital
Cologne, Germany and Dubai, United Arab Emirates - 26 November 2020 -SEED Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has partnered with the German blockchain and cybersecurity specialist Ubirch to drive the digital transformation journey of the United Arab Emirates (UAE) and the wider Middle East region.
As part of this agreement, SEED Group will facilitate Ubirch to expand its business portfolio in the region by offering it an effective platform to reach potential customers and market its products and services in an efficient manner.
A stable UAE base will allow Ubirch to be a part of one of the fastest-growing economies in the world and stay in close proximity to prospective clients based out of the Middle East, Africa, and Asia regions. SEED Group will act as a springboard for Ubirch and help it address many of the pressing issues in the fields of Internet of Things (IoT), cybersecurity, blockchain, FinTech, and cryptocurrency while establishing it as a leading technology player in the region.
Hisham Al Gurg, CEO of SEED Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said, “As the UAE focuses on building a digital future, our new partnership with Ubirch opens new avenues not only for the German start-up but also for the economy of the Emirates and the wider region. Local businesses, which are looking for trustworthy data security solutions and infallible IoT architecture, stand to benefit from this partnership.”
“SEED Group is always eager to join hands with high-growth technology companies that are disrupting the corporate ecosystem with their cutting-edge products and this partnership is another strong step in that direction. We are delighted to have Ubirch on board and act as a facilitator in propagating their ground-breaking solutions in our region,” added Mr. Al Gurg.
Founded in 2014, Cologne-headquartered Ubirch ensures the trustworthiness of data by using robust cryptography and innovative blockchain technology. Ubirch seals data certificates at the source and anchors them into the blockchain. Thus, data created by any physical asset become immutable, non-repudiable, and verifiable beyond system boundaries – closing the trust gap between the physical and digital world.
Karim H. Attia, co-CEO of Ubirch, said, “The cybersecurity and IoT market is developing at a breathtaking pace and we see enormous business potential in the MENA Region. We feel honored to be the chosen partner of the SEED Group in Dubai to introduce German digital innovation strength to the Arabic cybersecurity market and are very excited to launch our blockchain-based cybersecurity solution "Made in Germany” to the Emirates and wider region.”
Globally, the IoT sector is booming and offers a fair chance of growth to disruptors like Ubirch. The number of IoT devices, which form the core of smart living solutions, is expected to cross 50 billion globally by the end of this year.
Technology company Cisco estimates that the number of IoT devices will be three times as high as the United Nation's predicted 8 billion global population, by 2021. Hewlett-Packard, meanwhile, said that 70 percent of the IoT devices are vulnerable to hacking, clearly pointing towards having more companies like Ubirch.
About Ubirch GmbH
Ubirch is the specialist for blockchain-based cybersecurity technology with locations in Cologne, Berlin, Munich, Tel Aviv, and Dubai. The team consists of experienced specialists in cryptography, blockchain and data-driven business models. With robust cryptography and innovative blockchain technology, Ubirch makes data trustworthy and shortens the time to market of data-driven business models.
Ubirch technology – deployable as software or on SIM-cards – is aimed primarily at customers in the manufacturing industry, smart cities, insurance, healthcare, energy supply, and logistics segments. Further information is available at www.ubirch.com.
About SEED Group
Over the past 16 years, SEED Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East and North Africa region through the support and strong base of regional connections of the SEED Group. The Group’s goal is to create mutually beneficial partnerships with multinational organisations and to accelerate their sustainable market entry and presence within the MENA region. SEED Group has been a key point in the success of all its partners in the region helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria. For more information, visit www.seedgroup.com.Download PDF