The Crypto Oasis Identifies 1,650+ Blockchain Organisations in the UAE at the End of Q4 2022 ACN Newswire

The Crypto Oasis Identifies 1,650+ Blockchain Organisations in the UAE at the End of Q4 2022

January 18, 2023
DUBAI, UAE, Jan 18, 2023 - (ACN Newswire via SEAPRWire.com) - Crypto Oasis, the fastest growing Blockchain Ecosystem in the world has now surpassed their goal of identifying 1,500 organisations in the Ecosystem by the end of 2022. As of 31st December, there were over 1,650 organisations and the ecosystem has been growing faster than previously anticipated. The Ecosystem has witnessed a sturdy 13.8% growth that proves that the Crypto Oasis is expected to continue its robust growth in the coming months as regulators in the region welcome innovation and disruption, making it easier for blockchain-related companies to secure licences and operate. At the forefront of this is Dubai Multi Commodities Centre(DMCC) which is home to over 500 of these native Blockchain organisations, representing the largest concentration of crypto and blockchain companies in the Middle East and North Africa (MENA) region. Crypto Oasis has added 200+ new organisations in Q4 2022 that have brought in 1,300+ new professionals to the burgeoning Ecosystem, bringing the total number of individuals working in this industry to 8,300+. This 19% growth in employment numbers can be attributed to the UAE being a force to reckon with in the global Blockchain landscape. 78.2 percent (approx. 6,500) of these individuals work in native blockchain organisations, i.e. those which are focused on blockchain and related decentralised technologies. 21.8 (approx. 1,800) percent work for non-native companies, i.e. those that offer blockchain related services or products but do not have blockchain as their primary focus. Ralf Glabischnig, Founder of Crypto Oasis, stated, "We're thrilled to have identified these new organisations in our ecosystem that are contributing to a diverse community of stakeholders. The possibilities for Web3 technology are vast, from finance and supply chain management to gaming and social media. However, as it's a relatively new and emerging technology, its full potential hasn't been reached yet and the industry is facing challenges such as scalability, security, and user adoption. It's an exciting and rapidly evolving field to watch and we're eager to collaborate and learn from each other as we work to improve Web3 and decentralised technologies."The Crypto Oasis supports blockchain and Web3 organisations to access resources and expertise that can help them navigate the complex and rapidly evolving landscape. In addition, joining the ecosystem gives them the opportunity to network with potential partners and customers, and to showcase their work to a wider audience."The UAE is the perfect amalgamation of Talent and Capital built on a world class Infrastructure," said Saqr Ereiqat, Co-Founder of Crypto Oasis. "The Ministry of Economy(MoE) has become one of the first Government entities in the world to be active in the metaverse. In 2022 the MoE published its Digital Economy Strategy which aims to double the contribution of digital economy from 9.7% to 19.4% in the next decade. The inception of regulators like VARA and various industry events like the Abu Dhabi Finance Week and Dubai Fintech Week, as well as the launch of the Dubai Economic Agenda "D33", demonstrate UAE's commitment in taking an active step to becoming the centre of digital economy globally."In the inaugural version of the Crypto Oasis Ecosystem Report 2022, published in partnership with Roland Berger in October'22, identified 1,450+ Web3 organisations in the UAE at the end of Q3 2022. This report aimed to establish the first quantitative and qualitative study of the Crypto Oasis ecosystem. Commenting on the growth of the Ecosystem, Pierre Samaties, Partner and Global Head of Crypto Economy and Web3 at Roland Berger, a top tier strategy consulting firm said: "The UAE is uniquely positioned to play a leading role in the global innovation economy. The growth of the Crypto Oasis Ecosystem will continue in the coming months as we can already witness how regulators in the region are welcoming innovation and disruption, making it simpler for Blockchain-related companies to secure licenses and operate."The Crypto Oasis Ecosystem is dedicated to building and strengthening the infrastructure for decentralised technologies in this region. The Ecosystem fosters collaboration and intends to pool resources and expertise to create a more robust and resilient environment to build, create and operate. The Web3 Ecosystem serves the needs of all of its members and has a positive impact on the wider community by helping drive innovation related to decentralised technology. New members of the ecosystem will have the opportunity to contribute to this effort and shape the direction of Web3 development in our region. Report Link: https://cryptooasis.ae/ecosystem-report-2022/About Crypto OasisThe Crypto Oasis is a MENA focused Blockchain Ecosystem headquartered in Dubai, UAE. The core elements needed for its growth are Talent, Capital, and Infrastructure. The Ecosystems stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Science & Research Institutions, Service Providers and Government Entities & Associations. Crypto Oasis' vision is to be one of the leading Blockchain Ecosystems in the world. Today it is the fastest growing Blockchain Ecosystem in the world, with more than 1,650+ organisations identified in the UAE alone with more than 8,300+ individuals working in the space. www.cryptooasis.ae. Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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1,450+ Organisation Identified in the UAE Web3 Space as per the Crypto Oasis Ecosystem Report 2022 ACN Newswire

1,450+ Organisation Identified in the UAE Web3 Space as per the Crypto Oasis Ecosystem Report 2022

October 10, 2022
DUBAI, Oct 10, 2022 - (ACN Newswire via SEAPRWire.com) - Crypto Oasis, the fastest growing Web3 ecosystem in the world, announced that it had identified more than 1,450 active Web3 organisations in the UAE at the end Q3 2022. The research also identified more than 7,000 individuals working in the industry. The organisations that are active in the Blockchain space are broken down into native and non-native according to their dependency on this emerging technology. native organisations which only exist because of this technology account for 65 percent of the total number identified and non-native organisations are at 35 percent. Dubai Multi Commodities Centre(DMCC) has registered more than 460 native organisations which is more than 50% of all native Blockchain organisations in Dubai.Out of the 7,000+ individuals working in the Web3 industry, approximately 77 percent work in Blockchain native organisations and 23 percent work in non-native organisations.The Crypto Oasis Ecosystem Report is a periodic report which is now on its inaugural edition and was created in partnership with Roland Berger, one of the first top-tier strategy consulting firms to have entered the world of Blockchain and is steering their global Crypto Economy advisory out of the UAE. The Report focuses on market development and emerging technologies such as Crypto, Blockchain, Metaverse and Web3. It establishes the first quantitative and qualitative ecosystem study of the Crypto Oasis Ecosystem and identifies its various stakeholders. It includes, a deepdive into the opportunity that Web3 represents for the region, has exclusive content such as the insights on one the largest greenfield mining sites in the world being carried out by Phoenix in Abu Dhabi, as well as survey results by Roland Berger, that assesses the state of the global Crypto Economy for which they collected insights from over 150 C-level executives and innovators across 10 industries. "We strongly believe in the transition towards a crypto economy and see this reflected in the top C-Level executive agendas. The UAE is accelerating its global position as a Crypto and Web3 hub, also thanks to prime ecosystem developers like Crypto Oasis," says Pierre Samaties, Partner and global co-head of the firm's Crypto economy team.The UAE is uniquely positioned to play a leading role in the global innovation economy. The growth of the Crypto Oasis Ecosystem will continue in the coming months as we can already witness how regulators in the region are welcoming innovation and disruption, making it simpler for Blockchain-related companies to secure licenses and operate. Ralf Glabischnig, Founder of the Crypto Oasis said, "We are pleased to see the UAE supporting forward-thinking organisations such as startups, service providers, investors, as well as science and research institutions in the Web3 space. We also have industry leading stakeholders like ADGM, DIFC, DMCC, Simmons and Simmons, State Street featured in our report which will provide the audience with a deeper insight into industry trends as well as educate and inform the reader of this ever growing and evolving ecosystem. Through the report, you are provided with a snapshot of the Ecosystem, which will help set the baseline from which growth can be identified in the following years as the Crypto Oasis becomes a centre of Blockchain excellence."Crypto Oasis catalyses the growth of organisations in the Crypto space and brings together Investors, Start-ups, Corporates, Researchers, Service Provider, and Government entities. It aims to advance the digital economy in the Middle East and bring distributed ledger technologies to the mainstream. Faisal Zaidi, Co-founder and CMO of the Crypto Oasis stated, "Our role is to curate the Crypto Oasis Ecosystem and our goal is to bring all stakeholders together on one playing field to assert the region as the leading global player in Web3."He added, "The Crypto Oasis Directory and the parallely launched report, are tools that we have developed and created inhouse and published, in order to create transparency and awareness of this emerging region."The report also contains insightful thought leadership articles from major players in the industry like 4ARTechnologies, Pulse, Ripple, Securrency, Singularity DAO, TDEFI, Tokengate, Virtua to name a few.Report Link: https://cryptooasis.ae/ecosystem-report-2022/ Directory Link: https://cryptooasis.ae/directory/About Crypto OasisThe Crypto Oasis is a Middle East focused Blockchain Ecosystem supported by initiators of Crypto Valley Switzerland. The core elements needed for its growth are Talent, Capital, and Infrastructure. The Ecosystems stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Science & Research Institutions, Service Providers and Government Entities & Associations. Crypto Oasis' vision is to be one of the leading Blockchain Ecosystems in the world. Today it is the fastest growing, with more than 1,450 organisations identified in the UAE alone. www.cryptooasis.ae About Roland BergerRoland Berger is the only management consultancy of European heritage with a strong international footprint. As an independent firm, solely owned by our partners, we operate 51 offices in all major markets. Our 2,700 employees offer a unique combination of an analytical approach and an empathic attitude. Driven by our values of entrepreneurship, excellence and empathy, we at Roland Berger are convinced that the world needs a new sustainable paradigm that takes the entire value cycle into account. Working in cross-competence teams across all relevant industries and business functions, we provide the best expertise to meet the profound challenges of today and tomorrow. www.rolandberger.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Taiwanese Companies Flock to ASEAN for Growth ACN Newswire

Taiwanese Companies Flock to ASEAN for Growth

July 25, 2022
Singapore, Jul 25, 2022 - (ACN Newswire via SEAPRWire.com) - In the last 6 years, the New Southbound Policy has played an integral role in enabling Taiwanese enterprises to diversify and capture opportunities in one of the fastest growing regions in the world, ASEAN. During the period of January to October 2021, Taiwan invested US$5.3 billion in the ASEAN region, which amounted to 38.7% of the country's total overseas investments, the highest proportion in 20 years. In ASEAN, current trends reflect a shift towards customer-driven hyper-personalisation, as well as data-enabled optimisation. Considering the increasing focus on the ASEAN market, growth of Taiwanese enterprises are aligned with these regional trends.Customer-driven Innovation ASEAN consumer patterns have shifted in the last few years and enterprises have adapted to meet changing customer needs in the area of health, security and mobility. Amidst the global pandemic, health has been growing to be a central focus for consumers, with 85% expressing concern over health, according to an Asia-Pacific 2021 survey by Ernst & Young. This has contributed to an increased health and wellness expenditure in Southeast Asia. In the emergence of this trend, ible Technology Inc. has come up with a wearable air purifier to provide purified air surroundings for consumers as they go about their daily lives. This solution adopts ible's unique Breathing Pathway Eco Ion Technology, and this technology will produce over 20 million negative ions (around 100 times more ions than a forest produces) surrounding user's face to remove pollutants from the air, including viruses and other airborne particles. The recent cyberattack and data breach incidents have put personal data protection and security concerns under the spotlight. This topic has never been more relevant in the age of rapid technology adoption and data-driven organisations, with 83% of ASEAN-based organisations being highlighted as data-driven in the AIBP ASEAN Enterprise Innovation Survey 2021/22. In recognition of this, Maktar offers a smart backup solution with an integrated microSD lock encryption feature that prioritises customer data security. The establishment of the ASEAN Smart Cities Network has provided a collaborative platform where cities from the ten ASEAN Member States can work towards the common goal of smart and sustainable urban development. With advancing smart city initiatives, smart mobility is gaining traction as consumers look towards convenient and user-centric transportation services. Leveraging on IoT, IBASE designed an embedded computing platform for a smart parking metre that provides efficient parking management services such as occupancy detection and online payment, enabling customer mobility needs to be met.Accelerating Business Outcomes with Frontier TechnologiesAccording to AIBP ASEAN Enterprise Innovation Survey 2021/22, 62.8% of enterprises in ASEAN perceive business intelligence platforms that help make sense of data as the digital transformation investment that will drive the largest benefits to their organisation. Galaxy Software Services (GSS) is one of the major players in this space. In helping Perfirmtex International Co.,Ltd to improve their customer data management process, GSS built a CRM that enabled efficient lateral communication with key stakeholders like customers and partners, boosting customer satisfaction. This was guided by their Insight to Action Model where predictive analytics assists in deriving customer behaviour insights from data and following that, insights are used to optimise customer engagement efforts. Digitalisation and automation of operations was found to be the top digital transformation focus of ASEAN organisations from a 2021 AIBP survey. In line with this, various enterprises have created tech-enabled solutions to facilitate process optimisation. An AI Edge Server by AAEON supported the smart manufacturing process of a machine manufacturer in the semiconductor industry. Accounting for end user needs, AAEON designed products that were compact and dissipated heat easily.About AIBPAIBP serves as an avenue for public and private organisations in Southeast Asia to access and exchange information about growth and innovation within the B2B space. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations. For additional information about AIBP, please visit https://iotbusiness-platform.com/.About Taiwan Excellence AwardsAAEON, IBASE, Galaxy Software Services, ible Technology, and Maktar were recently recognized by the Taiwan Excellence Awards. These awards have been established by the country's Ministry of Economic Affairs since 1993 to celebrate how technological innovation helps people live more rewarding lives. Each year, the Taiwan Excellence Awards select the most innovative products in Taiwan across four major categories: R&D, design, quality, and marketing. As well as recognizing domestic achievement, the awards serve as a benchmark for innovation and excellence in international markets.Contact: Mr. Irza Fauzan Suprapto Email: irza@industry-platform.comPhone: (+65) 9759 5343 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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