Hedera Powers Self-Sovereign Digital Identity in the Middle East with BEEAH Group Partnership

• As a part of a partnership between BEEAH and The Hashgraph, the Hedera-backed IDTrust platform will first be carried out internally for worker and associate id administration.
• The deployment positions BEEAH as a MENA chief in decentralized id options, demonstrating Hedera-powered safe digital authentication.

Swiss-based Web3 know-how engineering firm, The Hashgraph Group (THG), which can also be a part of the Hedera ecosystem, joined fingers with UAE-based BEEAH Group in efforts to deliver the area’s first decentralized digital id (DID) resolution. This can enable unified and safe entry to digital id throughout BEEAH’s numerous companies and companies.

BEEAH Companions with Hedera to Launch Enterprise-Grade Id Platform

BEEAH, the UAE-based diversified group, has partnered with The Hashgraph Affiliation (THA) beneath its Enterprise Accelerator Program to deploy IDTrust, Hedera’s enterprise-grade self-sovereign id platform constructed on distributed ledger know-how (DLT). The Hashgraph Group supported an analogous e-ID initiative in Switzerland, powered by Hedera’s ID Belief options, as talked about in our earlier put up.

The rollout represents a key milestone in BEEAH’s digital transformation journey, aiming to determine a linked, trusted, and privacy-focused ecosystem throughout its core sectors. This contains environmental companies, power, actual property, know-how, and healthcare.

The rollout of IDTrust will observe a phased strategy, beginning with BEEAH’s inner operations, which embody id administration for workers and companions. It should then increase throughout all BEEAH entities and initiatives, together with sensible actual property communities, healthcare amenities, and environmental companies platforms.

Within the subsequent phases, BEEAH will discover wider collaboration with authorities our bodies and city-wide stakeholders within the UAE. This can place them as a regional chief in decentralized id adoption. Talking on the event, Kamal Youssefi, President of The Hashgraph Affiliation, said:

“Backed by the Hedera Governing Council, THA’s mission is to drive the broad adoption and utilization of Hedera globally. The MENA area continues to show its revolutionary management in implementing cutting-edge digital applied sciences by strategic partnerships such because the one between BEEAH and THG. This displays the continuation and affirmation of Hedera’s long-term dedication not solely to empower enterprises and authorities establishments within the UAE however all through the broader MENA area, and past”.

Utilizing IDTrust Platform For Self-Sovereignty

BEEAH is about to implement the enterprise-grade IDTrust platform as a safe, privacy-first self-sovereign id (SSI) resolution throughout its operations and ecosystem. Developed and operated by The Hashgraph Group (THG), IDTrust leverages quantum-secure cryptography to confirm identities, enabling trusted issuance of credentials, KYC checks, and so on.

The deployment positions BEEAH as a regional chief in decentralized id options. It showcases how Hedera-powered know-how can drive safe, environment friendly digital authentication and assist sustainable innovation in governance and companies.

In accordance with Grandview Analysis, the worldwide decentralized digital id market was valued at USD 647.8 million in 2022 and is projected to achieve USD 102 billion by 2030, increasing at a CAGR of 90.3%.