Middle East Telecoms Provider Zain Group Joins Hedera Governing Council
Middle East Telecoms Provider Zain Group Joins Hedera Governing Council
June 17, 2020
Middle East Telecoms Provider Zain Group Joins Hedera Governing Council
Middle East Telecoms Provider Zain Group Joins Hedera Governing Council
June 17, 2020

Zain Group, a leading telecoms provider in the Middle East and North Africa (MENA) region has joined the governing council for enterprise-grade distributed ledger platform Hedera Hashgraph.

Zain provides mobile voice and data services in over 49.5 million active customers and has a commercial presence in eight countries in the MENA region including:

  • Kuwait
  • Bahrain
  • Iraq
  • Jordan
  • Saudi Arabia

On June 15, Hedera’s announcement stated that Zain’s joining of the council represents a regional first.

Existing members include Boeing, Deutsche Telekom, Google, IBM and Swisscom Blockchain and University College London, among others.

Each member of the council runs a node on the Hedera Hashgraph public network and is responsible for approving updates to the Hedera platform codebase.

The platform keeps its source code open for review.

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Moreover, it uses a hashgraph-based consensus algorithm to allow for multiple branches of blocks, as opposed to a single chain.

By joining Hedera, Zain Group hopes to gain insights and exposure into trends and developments in the blockchain space, placing it in a better position to assess how to develop applications using the technology in its own field of operation. 

Zain CEO and vice-chairman Badar Al Kharafi said that the Group sees its evolving services and applications including mobile money and fintech, e-health, drones, Internet of Things and 5G.

It all lends themselves to being further improved through the use of blockchain.


Source: Cointelegraph | Image: Unsplash

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