VeChain, the China-based blockchain industry is reported to be partnering with the leading United Arab Emirates cloud services provider, BIOS.
VeChain and BIOS Middle East are said to have signed a Memorandum of Understanding (MoU) with a plan to create Blockchain-as-a-Service (BaaS), a platform which will enable them to launch blockchain-enabled cloud services.
It is worthwhile to note that VeChain since its inception a few years ago has positioned itself across many technology-based ventures such as the Internet of Things (IoT) which is set for a primary allegiance with UAE’s leading cloud service provider, BIOS Middle East. The partnership will deliver a wide range of Blockchain-as-a-Service (BaaS). The technology will be offered to several companies in different sectors such as food and wine, healthcare, telecommunication, retail, energy, finance and many more all across the Middle East.
VeChain and BIOS Middle East admitted that they would require help in design, migration and blockchain solution management in order to achieve their goal of attaining financial disruption and the other numerous benefits they have to deliver
Also, another development has seen BIOS Middle East integrate its Security-as-a-Service offering called BIOS Secured on the VeChain blockchain which will pave the way for the momentous encryption and registration of significant events to the blockchain. Thus, it will guide against the chance of bad actors changing log for such activities as they are non-reputable.