SEED Group Partners German Blockchain Firm Ubirch for UAE Expansionby Fintechnews Middle East 30. November 2020
Venture capital firm SEED Group has partnered with German blockchain and cybersecurity specialist Ubirch.
As part of this agreement, SEED Group will facilitate Ubirch to expand its business portfolio in the United Arab Emirates (UAE) and the wider Middle East region by offering it an effective platform to reach potential customers and market its products and services in an efficient manner.
Based in Dubai, SEED Group is owned and chaired by the Private Office of Sheikh Saeed Bin Ahmed Al Maktoum, a billionaire member of Dubai’s ruling Al Maktoum family. The group is a diversified entity seeking to establish strategic partnerships with various sectors to accelerate their presence in the Middle East.
A stable UAE base will allow Ubirch to 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.
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 startup 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.”
Founded in 2014, Cologne-headquartered Ubirch ensures the trustworthiness of data by using robust cryptography and 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.”
Featured image: (L-R) Karim H. Attia, co-CEO of Ubirch and Hisham Al Gurg, CEO of SEED Group