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

by Sophie Smith

The Hashgraph Association and Dar Blockchain Forge Partnership to Drive Web3 Innovation in MENA

The Hashgraph Association, a non-profit organization dedicated to promoting the widespread adoption of the Hedera network, has recently announced a strategic collaboration with Dar Blockchain. This partnership aims to foster innovation, growth, and transformation in the Middle East and North Africa (MENA) region’s technological landscape. With a specific emphasis on cultivating and educating Web3 talent, the collaboration seeks to spur innovation in the region and advance the global adoption of Distributed Ledger Technology (DLT) and blockchain.

To accelerate the development of blockchain ecosystems, The Hashgraph Association and Dar Blockchain are working together to raise awareness about the Hedera network, recognized as one of the most innovative and sustainable enterprise-grade public ledgers for the decentralized economy. As part of their joint strategy, the partners will host four hackathons starting in October 2023. These hackathons are just the beginning of a comprehensive approach that includes community-building initiatives and a scouting phase for a forthcoming incubation program tailored for the North African community. This incubation program, which will be announced soon, will provide essential support and mentorship to promising projects emerging from the hackathons. Additionally, customized training sessions will be offered to fuel the growth of communities and enterprises, showcasing the immense potential of Web3 technologies.

Dar Blockchain’s Co-founders, Mohamed Mnif and Jaafar Saied, underscored the significance of education as a catalyst for innovation. They expressed their organization’s vision, which revolves around nurturing local talents and building crucial connections between the local Web3 ecosystem and the global blockchain landscape. Dar Blockchain’s mission includes providing training sessions on 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 aims to lay the foundation for realizing the true potential of 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 globally.

The MENA region has recently emerged as a frontrunner in Web3 growth and innovation. In October 2022, it was reported that the region boasted the world’s fastest-growing cryptocurrency markets. Furthermore, in August 2023, the Dubai AI and Web 3.0 Campus announced a significant commitment by reducing license fees for Web3 and AI firms by 90%, encouraging companies and organizations to establish a presence in the city.

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

Through their collective events and initiatives, Dar Blockchain and The Hashgraph Association aspire to provide an entry point for individuals interested in the Web3 realm. 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. For more information about the collaboration, visit Darblockchain.io, as the MENA region prepares to embark on an exciting journey of technological innovation and growth.

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