- As a part of the partnership between BEEAH and The Hashgraph, the Hedera-backed IDTrust platform will initially be carried out internally for worker and associate identification administration.
- With this implementation, BEEAH establishes itself as MENA’s chief in decentralized identification options and demonstrates safe digital authentication powered by Hedera.
The Hashgraph Group (THG), a Swiss-based Web3 expertise engineering firm that can also be a part of the Hedera ecosystem, has collaborated with UAE-based BEEAH Group to introduce the area’s first decentralized digital identification (DID) answer. This allows unified and safe entry to digital identities throughout BEEAH’s numerous providers and companies.
BEEAH companions with Hedera to launch enterprise-grade identification platform
BEEAH, a UAE-based diversified group, has partnered with Hashgraph Affiliation (THA) beneath its Enterprise Accelerator Program to introduce IDTrust, Hedera’s enterprise-grade self-sovereign identification platform constructed on distributed ledger expertise (DLT). As talked about in our earlier put up, Hashgraph Group supported the same e-ID initiative in Switzerland, leveraging Hedera’s ID Belief answer.
This deployment represents a major milestone in BEEAH’s digital transformation journey, which goals to ascertain a related, trusted and privacy-focused ecosystem throughout core sectors. This contains environmental providers, vitality, actual property, expertise, and healthcare.
The rollout of IDTrust will observe a phased strategy beginning with BEEAH’s inside operations, together with worker and associate identification administration. It would then be expanded to all BEEAH organizations and initiatives, together with sensible actual property communities, healthcare amenities, and environmental providers platforms.
In subsequent levels, BEEAH will discover broader collaboration with UAE authorities businesses and stakeholders throughout the town. This positions the corporate as a regional chief in decentralized identification deployments. Kamal Yousefi, chairman of the Hashgraph Affiliation, mentioned of the event:
“Supported by the Hedera Administration Council, THA’s mission is to drive widespread adoption and utilization of Hedera around the globe. The MENA area continues to display progressive management in implementing cutting-edge digital applied sciences via strategic partnerships like BEEAH and THG. This displays the continuation and affirmation of Hedera’s long-term dedication to empowering companies and authorities businesses not solely throughout the UAE, however throughout the UAE and past.” ”
Utilizing the IDTrust Platform for Self-Sovereignty
BEEAH plans to implement the enterprise-grade IDTrust platform as a safe, privacy-first self-sovereign identification (SSI) answer throughout its operations and ecosystem. Developed and operated by The Hashgraph Group (THG), IDTrust leverages quantum-secure cryptography to confirm identities and allow trusted issuance of credentials, KYC checks, and extra.
This deployment positions BEEAH as a regional chief in decentralized identification options. Find out how Hedera-powered expertise can drive safe and environment friendly digital authentication and assist sustainable innovation in governance and providers.
In line with Grandview Analysis, the worldwide decentralized digital identification market was valued at USD 647.8 million in 2022 and is projected to succeed in USD 102 billion by 2030, rising at a CAGR of 90.3%.
