By James Lawrence - News - 1 month ago

Espeo Blockchain Further Establishes Dubai as Hub

Tuesday, November 13, Arabian Business reported yesterday that Espeo Blockchain, the ICO, cryptocurrency and blockchain arm of consulting firm Espeo Software, have chosen Dubai as the location to set up a new office. The company has cited the region’s growing interest in blockchain technology and the potential growth of the industry as a result.

Recent growing blockchain interest in the Gulf and the Middle East has definitely been measurable in news reports. Just yesterday, BNG reported on Swiss cryptocurrency firm X8 obtaining an Islamic finance certification as well as last week as Smart Dubai and IBM launched the Dubai Blockchain Platform, the first government-endorsed blockchain platform in the Middle East. The project hopes to result in the United Arab Emirates (UAE) being the first paperless government by 2021.

Espeo’s Dubai office will join their roster of Zug, Poznan, San Francisco and Helsinki, which all function as fairly well-established crypto and blockchain hubs. According to Arabian Business, Espeo were keen on Dubai as they believe it is already distinct as a nerve center for blockchain entrepreneurship, citing a progressive approach by the government for the cities inclination toward cryptocurrency.

Espeo Blockchain offer services from ICO advisory positions, to feasibility studies, blockchain auditing, white paper design, to smart contract development and Dapp design. Espeo will bring this skill set to the Dubai ecosystem where they see a gap of blockchain professionals, as government agencies and private enterprises are forced to look outside of the region or toward a very small pool of local providers, for blockchain related services.

"We're planning to change that, giving the public access to not only blockchain developers, but advisors helping to make the right decisions for a particular use case," said Mickael Costache, Regional Director - of the Middle East, Asia, and Africa regions.

Mr. Costache expressed his belief in Espeo Blockchain as a firm with a solid track record for complex blockchain products and solutions, as noting its parent company, Espeo Software, a company with 10 years of experience.

According to Dubai City Guide, the government plans to leverage blockchain technology to facilitate all of its services, “everything from property deeds to medical records will be processed through blockchain, increasing efficiency and potentially saving Dubai around 1.5 billion dollars a year. [sic]”

Taken from the same article, Dr. Aisha Bin Bishr, Director General of the Smart Dubai Office, said, "Our target is to make Dubai the capital of the Blockchain, a global capital, a global hub for all thought leaders, for all start-ups, or a new implementation and use cases around Blockchain to happen here in Dubai, and that's what we are doing in our strategy."