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Avanza Innovations showcases region-first technologies at Future Blockchain Summit

By August 10, 2018 No Comments

Showcasing the first ever Blockchain orchestration platform, first production-grade Blockchain implementation, and various transformative Blockchain applications.

3 May 2018; Dubai, United Arab Emirates – Blockchain is being seen as one of the most transformative and disruptive technologies since the internet. An innovation that has the potential to transform both public and private sector organizations alike. The Future Blockchain Summit attracted policy and decision makers, influencers, technology providers, and government officials from across the globe.

Avanza Innovations unveiled its next leg of Blockchain innovations through various talks, on-site demos, and media/customer meet-ups at the Future Blockchain Summit. Avanza Innovations has been leading the line for Blockchain acceptance and applications in the region and is the proud winner of not one but two Dubai Future Accelerator cohorts.

To meet the demands of a growing global market, Avanza Innovations demonstrated its latest solution, Cipher, a Blockchain orchestration platform. Cipher is currently being used by multiple partners and entities to help build Blockchain led technology of the future. With Cipher, organizations can move past the underlying complexities of establishing Blockchain based solutions and move towards greater reliability and security through a full stack offering.

Cipher utilizes Single-point access to Blockchain platforms, including Hyperledger, Ethereum, Quorum etc., and readymade adapters to provide rapid integration with existing Blockchain technologies, Smart contract lifecycle, and change management.

Avanza Innovations also demonstrated the region’s ‘first production-grade Blockchain implementation’; a Blockchain reconciliation and settlement platform that is being built for Dubai’s Department of Finance through the vision and leadership of the Smart Dubai Government. This project involves 40 plus government entities and around 15 banks in Dubai.

Mr. Waqas Mirza, CEO – Avanza Innovations, said, that “Blockchain has the potential to disrupt and innovate technology as we know it. At Avanza, we feel it is our mission to help organizations realize the potential of this transformative technology and move them towards a decentralized, demystified and future-proof tomorrow.”

Also at the event was Mr. Ali Safri, CTO – Avanza Innovations, who said, “At Avanza, we are working passionately to help build platforms of the future. A big part of our strategy is to partner with like-minded and innovative organizations to facilitate global customers.”

A recent example of this is the availability of Cipher on Microsoft Azure. Cipher gives customers access to a Blockchain orchestration layer on the cloud allowing organizations to port their use case on to a series of global Blockchain platforms.

© 2018 Avanza Solutions.

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