Blockedge Technologies Inc., an enterprise blockchain technology platform, and UAE based Suvik Technologies FZE, a public blockchain technology company, have signed an MOU ( Memorandum of Understanding) to form a joint venture out of Dubai UAE. The join venture will create tools that empower organization to migrate to Web3 technologies. Blockedge brings its infrastructure automation platform, expertise to develop decentralized applications and interoperable blockchain solutions. At the same time, Suvik group brings its proprietary trading system for crypto assets and Plugin - a Decentralized Oracle Platform built on XDC Network. "Web3 is all about building system-backed trust to facilitate trusted peer-to-peer transactions," said Srinivas Mahankali, Chief Business Officer of Blockedge Technologies Inc. "To accelerate the adoption of Web3 technologies globally, we have come together to leverage each other's strengths to create the required infrastructure lay