Dubai, UAE – June 10, 2024: Quranium, a pioneering entity in distributed ledger technology (DLT), is thrilled to announce that it has been chosen as one of the select few Web3 companies awarded to set-up and register its company in the Dubai Multi Commodities Centre (DMCC). This significant milestone marks a new chapter for the Quranium team, who are currently dispersed across the globe. With Dubai set to become the central hub of operations, Quranium is poised to leverage the city’s unparalleled strengths in the blockchain and Web3 space.
Dubai has rapidly ascended as a premier global nexus for blockchain innovation, attracting a myriad of industry leaders and visionaries. The city’s strategic positioning, coupled with its robust infrastructure and forward-thinking regulatory environment, makes it an ideal home for Quranium. This subsidy, a testament to Quranium’s remarkable vision and strategy, is a commendation of the groundbreaking work achieved thus far, including the attraction of tier one partners.
“As we navigate the dawn of a new digital era, Quranium stands at the forefront, pioneering advancements in DLT that promise to revolutionise the industry,” said
Kapil Dhiman, Co-founder & CEO of Quranium. “Our foundation, built upon a robust Proof of Work (PoW) Blockchain and enhanced by the dynamic scalability and fairness of our novel Proof of Respect (PoR) BlockDAG architecture, addresses the classic blockchain trilemma. This dual-layered Hybrid approach ensures unparalleled scalability, security, and decentralisation.”
This subsidy for Quranium has been made possible through a strategic partnership between Bybit and DMCC, aimed at elevating Dubai’s status as a global leader in blockchain and Web3 innovation. This collaboration provides Quranium with vital support and resources, enabling the company to continue its pioneering work in DLT.
Zeeshan Khan, Co-founder and COO of Quranium, comments:
“We are delighted to have been chosen as one of a handful of companies to set-up in the DMCC. Dubai’s strength as a global city are manifold. It is not only a vibrant hub for blockchain technology but also a beacon of globalisation, attracting talent and capital from around the world. The city’s commitment to fostering an environment conducive to technological advancement and innovation is unmatched.
We look forward to surrounding ourselves with other innovative entrepreneurs and companies in this vibrant region.”
Quranium’s establishment in Dubai DMCC represents a significant step towards achieving its mission of revolutionising the blockchain industry. With Dubai as its new base, Quranium is well-positioned to drive forward its ambitious agenda, contributing to the city’s burgeoning reputation as the epicentre of blockchain and Web3 innovation.
For more information about Quranium and its groundbreaking work in DLT, please visit https://quranium.org.
