Before we break into the news, we provide a brief introductory overview of the Blocko project.

Blocko is a South Korean-based blockchain company, whose project aims to develop blockchain-based solutions and work to help companies move enterprise-to-private blockchains to the general public. Blocko provides customers with a reliable blockchain platform based on technology and expertise outside the Korean market. Recognition of the technology and future value of the project in the UK, Middle East and US.

depending on Source Blocko recently announced the launch of its services in the United Arab Emirates after it recently raised the necessary funding.

The Dubai government has previously announced its strategy to adopt blockchain technology by 2021, as the UAE government will migrate and transfer 50% of its paper transactions such as visa applications and bill payments to the blockchain platform.

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Blocko has partnered with SEED Group for an official launch of its services in the UAE.

Hisham Al Gurg, CEO of the SEED Group and the private office of Sheikh Saeed bin Ahmed Al Maktoum, said in this regard:

Partnership with Blocko will enable The UAE has made its digital promise a reality by managing its government and providing it to citizens and companies.”

The UAE’s strategy by relying on blockchain technology is expected to achieve annual savings of $3 billion (transaction costs and paper documents), which also eliminates 398 million printed documents and 77 million working hours.

Aergo had previously made the following statements on the occasion of the launch of its services in the United Arab Emirates:

“The company is now focusing efforts on introducing the Aergo platform to enterprises in the Middle East, and looks forward to replicating its success experience in Asia and Europe.”

Phil Zamani, CEO of Blocko and co-founder of Aergo stated:

Many blockchain technologies in the Middle East are still in the proof-of-concept stage.

he added:

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As a hybrid blockchain, Aergo breaks through these barriers, unveiling new features that deliver greater levels of efficiency, security, scalability and value.”

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For your information, Blocko currently supports more than 20 enterprise clients and aims to reach 25 million daily users by supporting government agencies and other large companies in the Middle East.

The company rose to fame in South Korea by becoming a comprehensive provider of enterprise blockchain technologies to Samsung, Cisco, Hyundai Motors, and Gyeonggi-do.

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The Private Office of His Highness Sheikh Saeed Al Maktoum signs a partnership with the (Aergo) project