BIOS Middle East, VeChain launch blockchain-as-a-service
New service is targeted at energy, finance, retail, petrochem and healthcare industries in the Middle East
VeChain, a public blockchain platform focusing on enterprise adoption and BIOS Middle East, a managed cloud provider have signed a memorandum of understanding to co-market and implement a framework of blockchain-as-a-service and blockchain-enabled cloud services.
BIOS Middle East and VeChain recognise that in order for large scale blockchain revolution to happen, companies will require help with designing, migrating and managing their blockchain solutions to realise its tremendous benefits.
Under the deal BIOS Middle East is integrating its own security-as-a-service offering, known as BIOS Secured on the VeChain blockchain.
According to the BIOS, the partnership will allow for significant events to be encrypted and registered to the blockchain so that they are non-reputable, eliminating the possibility of bad actors changing logs.
Sunny Lu, co-founder and CEO, VeChain, said: “Leveraging on BIOS Middle East’s expertise in Cloud Services and System integration, I believe Dominic’s team will help accelerate adoption and transactions on VeChain’s platform. Starting from Dubai, one of the world’s blockchain-friendly states.”
Dominic Docherty, managing director, BIOS Middle East added that: “BIOS Middle East will work with VeChain to extend its proven solutions on the blockchain to be directly accessible to Middle East and African organisations through the CloudHPT platform, which will potentially bring thousands of transactions on a daily basis.”