Aergo is a blockchain platform used by successful companies in Europe and Asia. In the United Arab Emirates, blockchain is already used in the health sector.
Blocko, a South Korean blockchain provider, launched a business blockchain called Aergo in the United Arab Emirates after getting USD 16 million in financing.
In order to offer new solutions to the business sector, Blocko partnered with SEED Group, a member of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, in the United Arab Emirates.
With the aim to launch the Aergo platform, Blocko raised a total of USD 16 million thanks to two rounds of financing that were conducted separately.
The oldest bank in South Korea, Shinhan Bank, as well as KEB Hana Bank, LB Investment and Dadam Investment are among the institutions that participated in the financing round.
“We launched Aergo in response to the growing need for data sharing between industries and companies in areas such as identity verification, document management, and the Internet of Things, the same areas in which the Middle East in particular is looking for practical solutions”, said Phil Zamani, CEO of Blocko.
Blocko and Samsung
The blockchain provider Blocko has designed 38 large-scale blockchain business solutions in South Korea for companies such as Samsung, Hyundai Motors, and Cisco.
Now, thanks to its partnership with SEED, Blocko expects to continue growing to provide its solutions to more and more companies. This would now be possible in a country with a business sector as important as the one of the United Arab Emirates, thanks to the Aergo platform.
“The United Arab Emirates and the wider Middle East region in general are constantly seeking advanced blockchain solutions for government and digital services. Thus, we recognize the partnership with Blocko and Aergo as a solution to satisfy the increasing need for companies working at the highest level of scale and security”.
Blockchain and Health
The Ministry of Health and Prevention of the United Arab Emirates had implemented a blockchain system to register and share health data.
In this way, the blockchain-based platform “will save and share the assessment information of health professionals, including doctors, pharmacists, and technicians with local licensing health authorities”.
The objective is to store and keep unchanged the data and information handled by the Ministry of Health of that country. The idea is that these data can be shared with authorized people, such as health center workers, specifically doctors, pharmacists, and technicians.
“The Ministry has successfully developed the necessary infrastructure for a decentralized database based on blockchain”, said the Assistant Under-Secretary of the Support Services Sector of the Ministry of Health, Awad Saghir Al Ketbi.
He added that during the first stage, the evaluation system of health workers will be linked to public and private health authorities and other relevant institutions to create a single digital platform with access to the portfolio of health professionals.
On October 2nd, the Middle Eastern business publication Arabian Business reported that Blocko partnered with SEED Group. Their goal is to reach more and more companies. This in another example that blockchain technology continues to cover more and diverse fields.
By María Rodríguez