Zain, a leading telecom provider in the Middle East and North Africa (MENA) region, announced that it had joined the highly innovative Hedera Governing Council. Zain becomes the first company from the Middle East region to join Council for enterprise-grade distributed ledger platform Hedera Hashgraph.
Zain is a leading Telecom firm that provides mobile voice and data services to over 49.5 million active customers in eight markets across the Middle East and Africa. It has its commercial presence in eight countries and operates in Kuwait, Bahrain, Iraq, Jordan, Saudi Arabia, Sudan, and South Sudan. Hedera Hashgraph is a decentralized public distributed ledger for building decentralized applications(dApps). The platform enables developers to build safer, secure, fairer, and secured dApps on top of the Hedera platform.
Zain Group Hopes to Gain Insights and Exposure
As Zain participates on the Council, it joins a list of numerous prestigious global innovators such as Boeing, Deutsche Telekom, DLA Piper, FIS, Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Swisscom Blockchain, Tata Communications, University College London, and Wipro.
By joining Hedera, Zain Group hopes to gain extensive early insights into the trends and applications in the distributed ledger technology domain. It would also be able to assess opportunities to develop services within its own field of operation.
Zain CEO and vice-chairman Badar Al Kharafi mentioned that “We feel a sense of purpose in joining the Hedera Governing Council, which has numerous blue-chip, innovation-driven organizations all interested in driving the development of blockchains and the wider DLT space, which we have already noted has phenomenal potential. Council membership provides Zain first-hand exposure to cutting-edge and secure technologies that drive innovation, e-commerce, and B2B across the region.”
Further, he also mentioned other evolving services and applications in areas including mobile money and fintech, e-health, drones, Internet of Things, and 5G- all of which lend themselves to being further enhanced through the use of blockchain and other distributed ledger technologies.
Hedera’s platform has been designed with a vision to create a fairer, safer, and more secure internet while focusing on addressing four fundamental challenges to the adoption of public distributed ledger technology – technology, security, stability, and governance.
Mance Harmon, CEO of Hedera, stated that “We are delighted to have Zain Group join the Council. We believe the Council will be enriched greatly by this first organization to join us from the Middle East region, given Zain Group’s eight-country footprint.” He also mentioned that” We hope Zain will take full advantage of the opportunity to immerse itself in hashgraph and distributed ledger technologies and gain first-hand knowledge of new technologies and use cases developed on the Hedera network.”
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