USA Superior Business Solutions Inc., a technology solutions provider with operations in the UAE, Kuwait, Qatar, and Egypt, has become the main distributor of Modex’s blockchain-based products and services in the MENA region and Africa.
SBS’s new partnership with Modex, 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 solutions and products with relevant blockchain-powered functionalities in multiple industries, including healthcare, businesses, and finance. This will allow the two companies to seamlessly integrate blockchain solutions with customers’ existing data systems to achieve higher operational efficiency, security, and transparency.
Adel Youssef, CEO, SBS, said, “The blockchain market in the Middle East and Africa is expected to grow from $199 million in 2021 to $7.6 billion by 2028; it is estimated to register a CAGR of 68.3 percent from 2021 to 2028. The government needs very fast-paced growth in sectors like healthcare, banking, telecommunication, logistics, and many others, and using blockchain-based solutions can help accelerate development across these sectors.”
Mihai Ivascu, CEO and Co-founder of Modex, said, “Given their experience and know-how with local and regional companies, appointing Superior Business Solutions as our main distributor in the MENA region and Africa was a logical decision. Thanks to this agreement, Modex will reach even more customers in these parts of the world, providing blockchain-based solutions that are perfectly tailored to their business needs.”
According to Fortune Business Insights, the global Blockchain-as-a-Service (BaaS) market size was $1.9 billion in 2019 and is expected to reach $24.9 billion by 2027, expanding at a CAGR of 39.5 percent.
Modex offers the Modex Ledger DB, an enterprise-grade platform built on the top of the Blockchain Database (BCDB) solution.
