Fantom (FTM), a Directed Acyclic Graph (DAG) based smart contract platform that aims to solve the scalability issues of distributed ledger technologies, has unveiled a major partnership that will help bring blockchain technology to Dubai.
According to the announcement, the Fantom Foundation has partnered with Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum to establish an operational presence in the region.
With the commercial partnership, the Fantom Foundation can now operate under The Private Office of Sheikh Ahmed bin Saeed Al Maktoum’s corporate umbrella to engage with Dubai and UAE government and the private sector. This enables Fantom to provide its DAG blockchain technology and services to numerous public and private organizations.
“We are super excited to partner up with The Private Office of Sheikh Ahmed bin Saeed Al Maktoum to bring innovation and build solutions for Dubai to create new economic opportunities and deliver better user experience for UAE citizens,” said Fantom Foundation’s head of Innovation Lab, Ashton Hettiarachi.
“This day marks the beginning of a new partnership that lays the groundwork for integrating Fantom Foundation’s technology and expertise into the vision of Dubai to become a blockchain city,” added Hisham Al Gurg, the CEO of SEED Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. “Given their extensive experience in technology R&D and working with partners, we look forward to seeing how this will significantly benefit the Smart Dubai initiative strategy. Given their extensive experience in information sharing technology and their lengthy track record of assisting customers, associates and businesses attain their long-term objectives and even higher success, we look forward to seeing how this will significantly benefit [Smart Dubai].”
As we previously reported, Fantom has gained significant exposure over the last few months following a string of major exchange listings for FTM, including Binance, OKEx and Bittrex International.
More: Fantom Foundation to Start Its Operation in the UAE Following a Partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum
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