As per a recent announcement , WorldCoin, blockchain and AI based digital identity protocol World ID has launched one of its orbs in Dubai UAE, at Crypto Oasis Centre. World ID according to WorldCoin ia a more human internet with global proof ‑ of ‑ personhood. Privacy ‑ First. Self ‑ custodial. Decentralized. Worldcoin is dramatically increasing access to World ID—the digital identity protocol powered by the Worldcoin ecosystem. The project will increase the number of available Orbs to 1.5K throughout the summer and fall in more than 35 cities around the world. One of those cities listed is Dubai UAE. The World ID Orb will be located at Crypto Oasis Innovation Hub, Gate C, Floor 1, Office 176, DIFC Over the last six months of its beta phase, the Worldcoin project has verified the uniqueness and humanness of more than 40,000 individuals per week. The availability of 1.5K Orbs will more than 5x sign up capacity globally and enable millions of additional people to join the ...

  UAE based NEXT IT & Systems partners with U.S. based IDD Lab   to revolutionize solutions for multiple industries by leveraging   Blockchain Technology. NEXT IT & Systems, a prominent software development group, has joined forces with IDD Labs, a leading blockchain technology group based in USA, to develop cutting-edge blockchain solutions aimed at enhancing identity across diverse sectors, including supply chain, KYC/AML, payments, and more. IDD Labs, a software technology group with specialization in blockchain, played an instrumental role in launching the identity-based Accumulate network, which went live November 2022, and is a hard fork of Factom - a blockchain network which has been running successfully since 2016. "As the CEO of Next IT & Systems, I am thrilled about our partnership with IDD Labs," says Shaik Hamdan. "This collaboration represents a pivotal moment in our journey towards revolutionizing the market and driving the widespread adopti...

  UAE based International Financial Centre (DIFC), has launched its “DIFC Metaverse Platform” and the first phase is a metaverse accelerator program where it will choose 50 metaverse projects to help develop the metaverse sector in UAE. The platform is part of a comprehensive strategy being developed by Dubai International Financial Centre (DIFC) to accelerate Dubai’s status as a global metaverse leader. The DIFC Metaverse Platform is aligned with the Dubai Metaverse Strategy, which aims to add $4 billion to Dubai's GDP, support 40,000 virtual jobs by 2030 and attract 1,000 companies specialized in blockchain and metaverse technologies. The platform also supports the objective of the recently launched Dubai Economic Agenda D33 to generate economic value worth AED100 billion from digital transformation annually. The Metaverse Accelerator Program, the first initiative to be launched under the umbrella of the platform, will start accepting applications this month. In the coming ...

  Ahmed al Marjeby and Mahmood al Lawati have developed a blockchain enabled digital identity platform out of Oman. Nashid, the blockchain enabled digital identity platform is aimed to mitigate the risks of identity fraud. Nashid has  also secured a pre-seed investment as part of the Techween program from Oman Technology Fund As per the news, Oman based Nashid will allow users to access services digitally without visiting any service provider ever again. In 2020 alone, identity theft and fraud cost over $700 billion in losses worldwide The platform will allow the creation of a secure digital version of one’s identity and their attributes. The need for in-person verifications will cease, usernames and passwords will disappear, and a frictionless, online-only user journey will take place. Nashid is powered by the Blockchain to maintain the truth of all digital interactions with high levels of online security and credibility. It also is fueled by encryption models of hash...