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Samsung, Emirates chair backed enterprise blockchain firm launches in UAE

Sheikh Ahmed Bin Saeed Al Maktoum
Today it was reported that Blocko, a South Korean enterprise blockchain company, has launched in the UAE after support from the chair of the Emirates Group. Sheikh Saeed bin Ahmed Al Maktoum’s SEED Group partnered with Blocko to bring its blockchain platform to the Middle East. Sheikh Al Maktoum’s Private Office, which runs SEED and Emirates, is worth over $35 billion and first partnered with Blocko in August. Blocko offers an enterprise blockchain platform with a difference. It utilized its open-source Aergo technology to build Aergo Enterprise, a hybrid private-public blockchain for business. This is made possible by custom sidechains, allowing customers to reap the benefits of immutability and trust from a public platform, plus the control and scalability of a private one.

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