UAE Free Zone Revolutionizes Business Registration with Blockchain-Based Identity System

The United Arab Emirates (UAE) continues to push the boundaries of innovation in the field of blockchain technology. Innovation City, a free zone based in Ras Al Khaimah, has launched a pioneering digital business identity system built on the principles of blockchain.

According to sources, every company registered within Innovation City receives a unique, cryptographically verifiable identity issued through OPN Chain, a public blockchain infrastructure developed by IOPn. This dynamic on-chain asset is designed to transform the traditional business license from a static document into a live, interactive entity that can be easily verified and accessed across various platforms.

By embedding this on-chain identity directly into company registration, Innovation City seeks to create a more seamless and efficient digital ecosystem for businesses operating within its jurisdiction. This initiative aligns with the UAE's broader vision of integrating AI-driven workflows and blockchain-based identity systems to enhance verification efficiency and reduce reliance on centralized intermediaries.