UAE free zone launches blockchain-based business IDs for registered firms
Innovation City launches a blockchain-based business ID system, giving more than 1,000 firms verifiable onchain credentials for identity and access.
Innovation City, a Ras Al Khaimah-based free zone focused on artificial intelligence and Web3, has launched what it claims is the first blockchain-based digital business identity system.
According to a Monday release shared with Cointelegraph, every company registered in Innovation City receives a sovereign, cryptographically verifiable identity issued on OPN Chain, the public blockchain infrastructure developed by United Arab Emirates-based IOPn.
The release said this turns the business license from a static PDF or database entry into a dynamic onchain asset designed to reduce reliance on centralized intermediaries and cut verification uncertainty.