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One of the leading Telecom first in the middle east (MENA Area ) Zain Joins Hedera Governing Council

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A big and leading telecom in MENA ( middle east and north Africa) area firm ZAIN group join the hedera hashgraph governing council today. 

Zain provides mobile voice and data services to over 49.5 million active customers and has a commercial presence in eight countries in the MENA region — including Kuwait, Bahrain, Iraq, Jordan and Saudi Arabia. Zain’s joining of the council represents a regional first, Hedera’s announce this news today.

Zain is the first company from the Middle East region to participate on the Council, joining a list of prestigious global innovators including Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Swisscom Blockchain, Tata Communications, University College London, and Wipro

Hedera Hashgraph provides a next-generation form of distributed consensus that is faster, fairer and more secure than traditional blockchains. It offers a new way for people or organizations who do not know or trust each other to securely collaborate and transact online without the need for a trusted intermediary. Through its participation on the Hedera Council, Zain Group will gain extensive early insights into the trends and applications in the distributed ledger technology (DLT) space and will be able to assess opportunities to develop services within its own field of operation. 

Each member of the council runs a node on the Hedera Hashgraph public network and is responsible for approving updates to the Hedera platform codebase.

Zain CEO and vice-chairman Badar Al Kharafi said that the Group sees its evolving services and applications — including mobile money and fintech, e-health, drones, Internet of Things and 5G — as all lending themselves to being further improved through the use of blockchain.

Hedera’s platform has been designed with a particular focus on developing more energy-efficient mechanisms to help address concerns over the environmental impact of blockchain technologies.

Hedera Hashgraph blog link

JUNE 14, 2020