DUBAI, UAE, Aug. 8, 2022 /PRNewswire/ — Superior Enterprise Options Inc., an progressive IT options supplier from Florida, USA, with operations within the UAE, Kuwait, Qatar, and Egypt, has develop into the primary distributor of Modex’s blockchain-based services and products within the MENA area and Africa.
SBS’s new partnership with Modex, a number one blockchain options supplier, allows each events to supply cutting-edge companies that may remodel the best way knowledge and digital property are saved, shared, and managed, offering larger transparency and knowledge integrity.
Via its partnership with Modex, SBS intends to supply probably the most progressive options and merchandise with related blockchain-powered functionalities in a number of industries, together with healthcare, companies, and finance. This can permit the 2 corporations to seamlessly combine blockchain options with clients’ current knowledge methods to realize increased operational effectivity, safety, and transparency.
“The blockchain market within the Center East and Africa is predicted to develop from US$ 199 million in 2021 to US$ 7.6 billion by 2028; it’s estimated to register a CAGR of 68.3% from 2021 to 2028,” SBS CEO Adel Youssef famous. “The authorities wants very fast-paced progress in sectors like healthcare, banking, telecommunication, logistics, and plenty of others, and utilizing blockchain-based options may also help speed up growth throughout these sectors.”
Mihai Ivascu, CEO and Co-founder of Modex, said: “Given their expertise and know-how with native and regional corporations, appointing Superior Enterprise Options as our predominant distributor within the MENA area and Africa was a logical resolution. Because of this settlement, Modex will attain much more clients in these elements of the world, offering blockchain-based options which can be completely tailor-made to their enterprise wants.”
Blockchain-as-a-Service market alternative
In accordance with Fortune Enterprise Insights, the worldwide Blockchain-as-a-Service (BaaS) market dimension was US$ 1.9 billion in 2019 and is predicted to achieve USD 24.9 billion by 2027, increasing at a CAGR of 39.5%. “Rising adoption of blockchain-as-a-service (BaaS) instruments and companies amongst small and medium enterprises to construct their blockchain utility, good contracts, and fee methods is predicted to drive market progress throughout the forecast interval,” says the report. On this context, corporations of all sizes are trying into methods to entry the benefits of BaaS companies, comparable to good decentralization, knowledge immutability and integrity, excessive effectivity, cost-effectiveness, and robust safety.
Modex Ledger DB: enterprise-grade BaaS
With Modex Ledger DB, an enterprise-grade platform constructed on the highest of the Blockchain Database® (BCDB) answer, Modex is constructing related software program purposes to serve particular industries and use instances, which will be tailored and customised for every enterprise primarily based on a versatile subscription-based mannequin.
Modex Ledger DB brings a collection of options that facilitate the fast adoption of blockchain expertise throughout each vertical and make the deployment course of as seamless as doable. It permits companies to work together with this expertise in a simplified method whereas providing the required assist to make sure environment friendly and sensible performance. Moreover, it has been designed with enterprise functionalities in thoughts to satisfy probably the most rigorous necessities for scalable, production-ready networks that combine with legacy enterprise knowledge methods.
Modex Ledger DB supplies end-to-end blockchain-powered companies that may scale up shortly with out interruption, providing excessive safety and stability. The answer is simple to deploy and use and supplies enhanced administrative options to assist corporations construct enterprise-ready blockchain networks.
Modex’s extremely expert crew of round 100 members throughout 4 workplaces – London, Bucharest, Silicon Valley, and Gibraltar – has been working to arrange and deploy related software program purposes on high of our Blockchain-as-a-Service answer that may assist a variety of use instances and facilitate the seamless integration of blockchain expertise into enterprise-level services and products.
SBS’s crew of pros is scalable to necessities to supply design, construct, and combine a number of and diverse good options whether or not for enterprise or healthcare that serve completely different sectors (administrative, scientific, and monetary) for big and federal authorities ranges in The MENA Area and Africa to empowers companies to handle their day by day capabilities easily and successfully.
SOURCE Superior Enterprise Options