Yesterday, Zain Telecom Group, one of the leading mobile communications companies in the Middle East, serving more than 49.5 million users in eight markets in the Middle East and Africa, announced that it has joined the board of directors of the Hedera Hashgraph crypto project. .

Zain is the first company from the Middle East region to participate in the Hedera Hashgraph Council, and joins a list of distinguished global innovators previously on the board including:

Boeing, Deutsche Telekom, DLA Piper, Google, IBM, LG, Magalu, Nomura, Swirlds Swisscom and Tata Communications…

The Hedera Hashgraph project provides a next-generation form of distributed consensus that is faster, fairer, and more secure than traditional blockchains.

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The project provides a new way for people or organizations who do not know or trust each other to collaborate securely and transact online without the need for a trusted intermediary.

Through Zain’s participation in the Hedera Hashgraph Board of Directors, the Zain Group will gain extensively innovative insights into trends and applications in the field of Decentralized Technology (DLT) and be able to assess opportunities to develop services in its field.

Hedera’s vision is to create a safer and fairer Internet in which online communities can create and collectively develop shared worlds in cyberspace, in which developers can build trusted applications that enable people to play games and work together.

End users will also be able to buy and sell goods and services securely, without entrusting a central organization with oversight of their data and privacy.

Zain is constantly looking for ways in which technology can provide new solutions to its individual and corporate customers while also improving its own operating efficiency.

stated Mr. Bader Al-Kharafi, Vice Chairman and Group CEO of Zain, said:

We feel a sense of purpose in joining Hedera’s board of directors, which includes several leading and innovative organizations all interested in spearheading the development of the blockchain and the broader DLT space.

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Which we have already noticed has huge potential.

Council membership provides Zain through cutting-edge and secure technologies to drive innovation, e-commerce and B2B throughout the region.

He added:

From our point of view the growing list of new services and applications that we have and are still developing in areas such as Group API platform, digital money and financial technology, e-health, drones, Internet of Things, and 5G, all of which can be improved through blockchain technology and other ledger technologies. Distributed mr.

Our participation in the board also indicates another pillar of Zain’s strategy, which is to collaborate with industry-leading companies to achieve mutually beneficial results and thus improve the products and services we can offer to our customers.

The Hedera project aims to achieve its vision of making a safer and fairer Internet by focusing on addressing four core challenges to public DLT adoption: technology, security, stability, and governance.

To have a vision to deliver impactful results, the network needs to be governed by representatives from a wide range of market segments and different geographies, each with global expertise in their field.

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Mance Harmon, CEO of Hedera commented:

We are pleased to have Zain Group join the board, given the company’s sound track record of innovation and professionalism in developing and delivering advanced mobile services and applications.

We believe that this first organization to join us from the Middle East will greatly enrich the Council, given the influence and scale of the Zain Group.

We hope that Zain will take full advantage of the opportunity to immerse themselves in distributed triage and distribution technologies and gain first-hand knowledge of new technologies and use cases developed on the Hedera network.

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