DUBAIUAE, August 8, 2022 /PRNewswire/ — Superior Business Solutions Inc., a provider of innovative IT solutions from Florida, USAwith operations in the UAE, Kuwait, Qatarand Egypthas become the main distributor of Modex blockchain-based products and services in the MENA region and Africa.
SBS’s new partnership with Modex, a leading blockchain solutions provider, enables both parties to provide cutting-edge services that will transform the way data and digital assets are stored, shared, and managed, providing greater transparency and data integrity.
Through its partnership with Modex, SBS intends to provide the most innovative solutions and products with blockchain-powered functionality across multiple industries, including healthcare, business, and finance. This will allow both companies to seamlessly integrate their blockchain solutions with their existing customer data systems to achieve operational efficiency, security, and transparency.
“The blockchain market in the Middle East and Africa expected to grow from US $ 199 million in 2021 for US$ 7.6 billion in 2028; It is estimated to register a CAGR of 68.3% from 2021 to 2028,” SBS CEO. Adel Yusuf noted. “Governments need very fast growth in sectors like health, banking, telecommunications, logistics, etc., and using blockchain-based solutions can help accelerate development in these sectors.”
Mihai IvascuCEO and Co-founder of Modex, stated: “Due to our experience and knowledge with local and regional companies, we chose Superior Business Solutions as the main distributor in the MENA region and Africa there is a logical decision. Thanks to this agreement, Modex will reach more customers in the region, providing blockchain-based solutions tailored to business needs.
Blockchain-as-a-Service market opportunity
According to Fortune Business Insights, the global Blockchain-as-a-Service (BaaS) market size is US$ 1.9 billion in 2019 and is expected to arrive USD 24.9 billion in 2027, expanding at a CAGR of 39.5%. “Increasing adoption of blockchain-as-a-service (BaaS) tools and services among small and medium enterprises to build blockchain applications, smart contracts, and payment systems is expected to drive market growth over the forecast period,” he said. said the report. In this context, companies of all sizes are looking for ways to access the advantages of BaaS services, such as intelligent decentralization, immutability and data integrity, high efficiency, cost effectiveness, and strong security.
Modex Ledger DB: enterprise-class BaaS
With Modex Ledger DB, an enterprise-class platform built on top of the Blockchain Database® (BCDB) solution, Modex builds relevant software applications to serve specific industries and use cases, which can be adapted and customized for each business based on a flexible subscription-based model.
Modex Ledger DB brings several features that facilitate the rapid adoption of blockchain technology in every vertical and make the deployment process smooth. It allows businesses to interact with this technology in a simplified way while offering the necessary support to ensure efficient and practical functionality. Furthermore, it has been designed with enterprise functionality to meet the most stringent requirements for a scalable, production-ready network that integrates with legacy enterprise data systems.
Modex Ledger DB provides an end-to-end blockchain-powered service that can scale quickly without interruption, providing high security and stability. The solution is easy to deploy and use and provides enhanced administrative features to help companies build an enterprise-ready blockchain network.
A skilled Modex team of around 100 members across four offices – London, BucharestSilicon Valley, and Gibraltar – has been working on setting up and deploying relevant software applications on top of Blockchain-as-a-Service solutions that can support various use cases and facilitate the integration of blockchain technology into enterprise-level products and services.
The SBS professional team is scalable to the requirements to provide the design, build, and integration of various and diverse intelligent solutions whether for business or healthcare serving different sectors (administrative, clinical, and financial) for large and federal government levels in the MENA Region and Africa to empower businesses to manage their day-to-day functions smoothly and effectively.
SOURCE Superior Business Solutions