RAK Digital Assets Oasis (RAK DAO), the first Free Zone with Common Law features focused on digital assets, partners with the India Blockchain Alliance (IBA), India’s top blockchain advocacy group.
Both organizations aim to create a strong, global blockchain ecosystem, encouraging collaboration, innovation, and talent development.
The partnership aims to make Ras Al Khaimah, a global leader in blockchain innovation, by connecting blockchain experts from the UAE and India. It focuses on creating practical solutions to improve the scalability and efficiency of decentralized technologies.
Indian blockchain businesses will have easy access to the UAE market, as this partnership connects RAK DAO’s 400+ companies and legal system. Meanwhile, UAE companies can benefit from IBA’s experience and connections in India’s blockchain industry, which includes over 115 million crypto users and a region for booming startups.
Dr. Sameer Al Ansari, CEO of RAK DAO, has expressed his excitement for this partnership by saying, “This partnership reflects our shared vision to build a stronger, interconnected blockchain ecosystem and highlights Ras Al Khaimah’s role as a hub for digital innovation.”
This partnership highlights the value of regional collaboration to unlock blockchain’s potential. By connecting Ras Al Khaimah’s innovative ecosystem with India’s vibrant blockchain community, it creates opportunities for businesses to expand across borders.
The partnership will help blockchain businesses enter new markets, highlighting the importance of shared expertise and support. It aims to drive innovation, boost entrepreneurship, and raise global awareness of blockchain’s ability to solve complex problems.
Raj Kapoor, the Founder of India Blockchain Alliance, said the partnership with RAK DAO builds a collaborative blockchain ecosystem to support businesses and innovators. He added that together they can harness blockchain technology to tackle industry challenges and drive progress.
RAK DAO aims to support the UAE’s goal of becoming a global tech hub by creating an ecosystem that attracts companies and talent, offering the tools and resources needed to grow in a secure and supportive environment.
Through this partnership, RAK DAO aims to create a blockchain ecosystem that attracts top talent, fosters innovation, and opens doors for major advancements in decentralized technologies.
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