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Ramziq works to expand blockchain technology in the UAE

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Ramziq is an ultra-secure, user-friendly new blockchain platform that plans to revolutionize the UAE’s ever-expanding blockchain technology ecosystem and bring it into the lives of consumers who currently do not have access to it.

The company laid out ambitious plans at its recently concluded annual program, the Dubai Smart Chain Forum.

Currently, only 3 percent of all potential users are familiar with and have access to blockchain technology — Ramziq says it aims for the remaining 97 percent.

The forum enables participants to develop concepts and sustainable methodologies aimed at enhancing the future of digital assets in the sixth technological era.

digital assets

Many interesting topics were covered during the event. Patrick Campos, Chief Strategy Officer at Securrency, was one of the keynote speakers on “The Future of Digital Assets and How Blockchain is Disrupting the Fintech Industry.” There was also a very engaging panel discussion “Shaping the Future of Digital Assets in the Sixth Age of Innovation”.

Addressing industry leaders and innovators at the forum, Ramziq’s founding partner, Solaiman Al Rifai, explained that his firm was inspired by the UAE’s mission to be a pioneer in blockchain and is committed to bringing the technology to every citizen.

Al Rifai presented the Zeniq NFT marketplace as a keynote speaker at the Smart Chain Forum. It runs on the Zeniq blockchain. Through Zeniq Marketplace, customers can discover, collect and sell NFTs.

Zeniq app

Rifai also detailed the functionality of the Zeniq app, one of the most exciting products in the Zeniq ecosystem. The app is a complete management system in itself and works as a secure wallet on your smartphone. The app also has the first blockchain-enabled chat system that is end-to-end encrypted and fully decentralized. The chat system has video and voice capabilities.

It also facilitates the exchange function between major coins and tokens. The app integrates with the Zeniq debit card as well as the Zeniq Hub. The app is powered by biometric integration and also supports recovery words.

He also talked about the Ramziq tokenization white paper, which talked about blockchain as a key enabler of Web 3.0, and analyzed the Zeniq blockchain ecosystem in detail. The white paper details how tokenization is a key driver of the digital economy.

Tokenization

“Ramziq wants to make sure that people now have a digital ecosystem where they can use blockchain technology and tokenize all their assets,” said Al Rifai. “With the tokenization of digital assets proving to be central to the UAE’s financial roadmap, Ramziq will address a critical market gap in the storage and security of digital assets.”

“Zeniq is opening the door and making blockchain technology accessible to all. Ensuring mass adoption of blockchain technology. Ramziq through Zeniq is focusing on the 97% of people who do not have access to blockchain technology,” added Arri Fay.

Erwin Dokter, CEO of Zeniq Corporation, commented: “According to forecasts, the global size of the tokenization market will reach approximately $24 trillion by 2027. Zeniq’s ecosystem and its cutting-edge blockchain technology enable users to tap into this A promising market.”

Walid Ahmad Abdullah Al Nuseirat, CEO and board member of Ramziq, said: “Tokenized assets increase market liquidity. They also remove the liquidity premium associated with traditionally harder to sell or more time-consuming investments, such as fine art, real estate or any other investment opportunity.” — trade arab news agency

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