Hashgraph Association Partners with Dar Blockchain to Fuel Web3 Growth in MENA Region September 27, 2023 September 27, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 27, 2023 by Kelly Cromley

Hashgraph Association Partners with Dar Blockchain to Fuel Web3 Growth in MENA Region

The Hashgraph Association, a non-profit organization committed to accelerating the global adoption of the Hedera network, has announced a strategic collaboration with Dar Blockchain. This partnership is geared towards nurturing innovative projects, fostering growth, and reshaping the technological landscape in the Middle East and North Africa (MENA) region. A key focus of this alliance is to cultivate and educate Web3 talent within the region through a range of activities, including meetups, hackathons, university groups, and a monthly podcast. By prioritizing Web3 talent development, The Hashgraph Association and Dar Blockchain aim to drive innovation in the region and promote the broader adoption of Distributed Ledger Technology (DLT) and blockchain on a global scale.


Advancing Blockchain Ecosystems:

The joint efforts of Dar Blockchain and The Hashgraph Association are aimed at shedding light on blockchain ecosystems and advocating for the Hedera network, recognized as one of the most innovative and sustainable enterprise-grade public ledgers for the decentralized economy. As part of their collaborative strategy, the partners are set to host four hackathons, commencing in October 2023. These hackathons are just one element of a comprehensive approach that encompasses community-building initiatives and a scouting phase for an upcoming incubation program tailored specifically for the North African community. The forthcoming incubation program, details of which will be unveiled soon, will provide crucial support and mentorship to promising projects that emerge from these hackathons. In addition to hackathons, the collaboration will offer customized training sessions, thus fueling the growth of communities and enterprises while showcasing the vast potential of Web3 technologies.


Dar Blockchain’s Vision for Education and Innovation:

The Co-founders of Dar Blockchain, Mohamed Mnif and Jaafar Saied, emphasized their commitment to education as a catalyst for innovation. They expressed their organization’s vision, which centers on nurturing local talents and forging vital connections between the local Web3 ecosystem and the global blockchain landscape. Dar Blockchain’s mission includes offering training sessions that delve into the intricacies of the Hedera Network and establishing chapters in local universities to unite students from diverse backgrounds. Through this partnership with The Hashgraph Association, Dar Blockchain seeks to lay the groundwork for realizing the true potential of Distributed Ledger Technology (DLT) and equipping the MENA region’s next generation of innovators with the skills and knowledge required to drive the widespread adoption of Web3 technologies on a global scale.


MENA Region: A Hub for Web3 Growth:

In recent times, the MENA region has emerged as a frontrunner in terms of Web3 growth and innovation. Notably, in October 2022, it was reported that the region boasted the world’s fastest-growing cryptocurrency markets. Moreover, in August 2023, the Dubai AI and Web 3.0 Campus made a significant commitment by reducing license fees for Web3 and AI firms by 90%, a move aimed at encouraging companies and organizations to establish a presence in the city.


A Forward-Looking Partnership:

Kamal Youssefi, President of The Hashgraph Association, underscored the importance of this partnership in accelerating the mass adoption of Distributed Ledger Technology (DLT) in the MENA region. With the MENA region displaying a favorable outlook towards cryptocurrencies, the collaboration with Dar Blockchain aligns with the goal of supporting and sustaining this growth momentum. Youssefi emphasized that the partnership reflects a commitment to advancing the MENA Web3 industry in the context of an open and dynamic Web3 landscape.


Empowering MENA’s Web3 Community:

Through their collective events and initiatives, Dar Blockchain and The Hashgraph Association aspire to provide an entry point for individuals interested in the realm of Web3. By establishing avenues to support and nurture Web3 talent within the MENA region, this partnership seeks to propel the blockchain ecosystem in MENA to new heights, solidifying its position as a leader in the field. Further information about the collaboration can be found at Darblockchain.io, as the MENA region prepares to embark on an exciting journey of technological innovation and growth.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.