Accelerating blockchain adoption in the Middle East and Northern Africa is set to take place, thanks to a newly established Joint Venture (JV) with Kinetic Consulting Services of Dubai and RedFOX Labs.
RedFOX Labs is a blockchain based tech company that identifies and builds proven unicorn business models for the emerging markets of Southeast Asia and now the MENA region.
By creating innovative and scalable solutions to unlock the true market potential on Komodo Platform, as they aim to create market leading companies in the e-commerce, e-media, e-travel and transport and logistics.
“RedFOX Labs had the MENA region earmarked for the future but it seems the demand brings us there sooner than we had expected” Said Ben Fairbank CEO and Founder of RedFOX Labs.
“We are proud to announce that we have established a JV with Kinetic Consulting Services, which allows us to provide blockchain solutions and services throughout the region. We believe the MENA region will be a front-runner in blockchain adoption and the overwhelming request for information is testament to this fact. It was crucial for us to establish a JV with a company that not only has an impeccable reputation but complimentary skill sets that allow us to provide a truly end to end service. The possibilities surrounding the JV are quite impressive”
Research and design has begun for the first few lead projects and the team is busy setting up the RedFOX base in Vietnam. Vietnam was selected as it’s quickly becoming a hub to technlogy startups, and it’s the perfect location to tackle the bustling and emerging markets of the Southeast Asia region.
The team is lead by an experienced team of Australian C Level executives, with global experience in disruptive tech and blockchain, RedFOX Labs is sure to be a hit as they determine which large-scale businesses and industries can be enhanced, by the introduction of blockchain technology.
“Blockchain technology is a hot topic in the MENA region” Said Joe Tawfik, CEO and Founder of Kinetic Consulting Services.
“As a strategic partner of the recently launched Government Experience portal we felt it was time to support the growing demand we have seen for blockchain services. The UAE government continues to support startups that have solutions to enhance citizen/customer happiness. We know that many of these startups are using blockchain to provide new value-creating solutions. By partnering with RedFOX Labs, we will have access to not only amazing technology but an opportunity to provide a more consultative process to blockchain integration and solutions. Both parties are excited and committed to accelerating the adoption of blockchain in the MENA region and this JV allows us to achieve our goal”.
RedFOX Labs will begin the collaboration with Kinetic Consulting Services as early as this month.
Press release can be found at Yahoo Finance