It is no news that Blockchain and cryptocurrency is taking the world by a storm. In order not to be left behind, the United Arab Emirates is quickly becoming the go to place for everything Blockchain.
Due to this reason, it didn’t come as a surprise to many when Bitfury Group decided to enlarge its global reach and therefore, they chose the UAE, Dubai to expand their tentacles. But as the case may be, there is more to this calculated move than it meets the eye.
Bitfury’s global expansion also shows the increasing interest in the revolutionary technology blockchain among businesses governments, and institutions across the United Arab Emirates. As they work to better the systems and services they offer to people, they are focused on the blockchain to provide secure, and trusted solutions.
“The UAE is an extraordinarily innovative place and a crucial area of growth for blockchain technology,” says Valery Vavilov, Bitfury’s CEO.
“We look forward to building new customer relationships and partnerships and designing the products they need to make their enterprises run more securely and efficiently.”
The executive vice chairman of Bitfury, George Kikvadze, says that opening the office will further Bitfury’s promise to developing blockchain solutions worldwide.
“Expanding into the MENA region is the natural next step in Bitfury’s mission to bolster blockchain growth and improve systems for governments and business around the world. The UAE is at the heart of this growth, and we are excited to begin our work in such a dynamic country.”
For now, the Dubai office will be managed by Nicola Mariani, and it is situated in Dubai’s Design District. He will also serve as the chief legal officer at Bitfury’s.
“Blockchain technology is fundamentally changing many aspects of our society and may be the most important invention since the internet,” Mariani says.
The Bitfury Group is a prominent full-service blockchain technology firm, and one of the biggest providers of private infrastructure when it comes to the blockchain ecosystem. The firm delivers and develops both the hardware and software solutions needed for governments, businesses, individuals and organisations to securely move assets via the Blockchain. What they do, in essence is that they make the entire process of understanding and using blockchain very easy.
The Bitfury Group is a team of experts situated around the globe in technology, security business, communications and civil society, and they believe the blockchain has the capacity to open new doors for global economic opportunities and prosperity.