In a move to strengthen international blockchain collaboration, RAK Digital Assets Oasis (RAK DAO) has partnered with the India Blockchain Alliance (IBA) to bridge Indian blockchain businesses with the UAE market. The partnership aims to foster innovation, talent development, and global scalability in the blockchain sector.
RAK DAO, the world’s first Free Zone dedicated to digital assets with Common Law features, and IBA, India’s leading blockchain advocacy group, are working to position Ras Al Khaimah as a global leader in blockchain technology. The collaboration will provide Indian blockchain companies seamless access to RAK DAO’s network of over 400 companies and its robust legal framework. At the same time, UAE businesses stand to benefit from IBA’s expertise and connections within India’s burgeoning blockchain ecosystem, home to over 115 million crypto users and a thriving startup environment.
Dr. Sameer Al Ansari, CEO of RAK DAO, expressed enthusiasm for the partnership, stating, “This partnership reflects our shared vision to build a stronger, interconnected blockchain ecosystem and highlights Ras Al Khaimah’s role as a hub for digital innovation.”
The collaboration underscores the power of regional partnerships in unlocking blockchain’s potential to solve complex, real-world challenges. By combining the innovative strengths of Ras Al Khaimah with India’s dynamic blockchain community, the initiative will create cross-border opportunities for businesses to scale and thrive.
Raj Kapoor, Founder of the India Blockchain Alliance, echoed the sentiment, saying, “This partnership builds a collaborative blockchain ecosystem to support businesses and innovators. Together, we can harness blockchain technology to tackle industry challenges and drive progress.”
The partnership aligns with the UAE’s broader goal of establishing itself as a global tech hub. RAK DAO is committed to developing an ecosystem that attracts companies and talent, offering essential tools and resources to drive growth in a secure and supportive environment. By fostering innovation and entrepreneurship, the initiative seeks to raise global awareness of blockchain’s transformative potential.
With this collaboration, RAK DAO and IBA aim to accelerate advancements in decentralized technologies, positioning the UAE and India at the forefront of global blockchain innovation.
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