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The Blockchain Center Abu Dhabi (ADBC) has announced a strategic joint venture with Verichains, a global leader in finance and blockchain cybersecurity, at the inaugural Bitcoin MENA 2024.

This partnership aims to redefine blockchain security across the Middle East, offering comprehensive technical solutions to strengthen trust, resilience, and sustainable innovation in the Web3 ecosystem.

The collaboration seeks to support blockchain developers, businesses, and institutions at every stage of their journey, from early development to operational maturity. By establishing a secure foundation for blockchain technologies, the partnership aspires to unlock economic growth and solidify the region's leadership in technological innovation.

ADBC CEO Abdullah Dhaheri emphasized the importance of trust and security in fostering blockchain innovation.

“This partnership with Verichains brings unparalleled expertise to the region, ensuring that blockchain companies have access to the technical support needed to develop and grow their projects. Announcing this initiative at Bitcoin MENA 2024 underscores our commitment to fostering a secure and vibrant blockchain ecosystem for the MENA region.”

Verichains will provide a comprehensive suite of services to address challenges at every stage of blockchain development.

These include early design and architecture reviews, pre-deployment audits, post-deployment security assessments, and rapid incident response services. The goal is to ensure that blockchain systems are scalable, secure, and resilient to emerging risks, while also minimizing downtime and protecting assets.

Thanh Nguyen, founder of Verichains, expressed enthusiasm for the collaboration, stating, “We are thrilled to bring our world-class security expertise to foster a secure and trusted blockchain ecosystem in the region, fully supporting ADBC’s vision of driving innovation and positioning Abu Dhabi as a global leader in blockchain technology and decentralized ecosystems.”

As blockchain adoption surges in industries such as finance, logistics, and public services, the need for robust security has become paramount. This joint venture will play a critical role in tackling security challenges, positioning the UAE as a center of excellence for blockchain technology.

With MENA poised to become a global hub for blockchain innovation, this partnership ensures the region is equipped with the necessary security infrastructure to capitalize on its potential, safeguarding projects and users while advancing the digital transformation agenda.

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