Uqoud to Leverage Blockchain Services in Partnership with BTP
Uqoud enhances its contract management platform with blockchain-backed provenance capabilities provided by BTP
Dubai, UAE — June 13, 2023 — MENA-based legaltech firm Uqoud has launched a novel contract management platform that is envisioned to become a globally trusted solution for creating, signing, archiving contracts and digital user onboarding.
As a highly legal, localized and compliant solution for the region, Uqoud aims to always maintain the highest level of security in all aspects of contract management and signing. Accordingly, it’s the first globally to leverage biometrics and ID verifications for identity authentication, to integrate to local signature authorities, and to also use blockchain-backed services.
“We are thrilled to announce this partnership with BTP to leverage their blockchain-backed services within Uqoud,” says Mustafa Bilbeisi, Co-Founder at Uqoud. “This coalition will further reinforce our position as the region’s first and most secured contract management platform.”
As a result of the partnership with BTP, the Uqoud platform now utilizes their blockchain-backed provenance product, Chronicle, to provide an identity service that includes transparent user consent management across multiple parties, and enables financial institutions in the GCC and MENA regions to digitally obtain required know-your-customer information in an efficient, trusted, and secure manner.
“We’re delighted to partner with Uqoud in the MENA region,” says Duncan Johnston-Watt, CEO & Co-Founder of BTP. “With Chronicle embedded in its contract management platform, beginning with underwriting user consent, Uqoud will provide a greater level of trust and security to its customers.”
Chronicle is a versatile, open-source product developed by BTP. It enables users to immutably record, and efficiently and securely query provenance information about any physical or digital asset — including user consent. By recording it on a blockchain or distributed ledger, provenance information becomes more trustworthy, and its management is more efficient.
Chronicle’s primary role is to be the single source of truth about the state of any asset, at any given point in time. It is implemented in such a way that sharing this provenance data with multiple interested parties is efficient, safe, and secure.
About Uqoud
Uqoud, is the MENA region’s first cloud and on-prem solution for complete contract management. Uqoud handles all contract and document matters to allow you to run your business smoothly. Send, negotiate and sign contracts with eKYC identity verification within all-in-one localized, customized and bilingual paperless contract management solutions. Uqoud manages it all digitally, legally and securely. Uqoud has also implemented a number of bespoke projects for governments and financial institutions in the field of digital onboarding, digital ID and eKYC authentication platforms. To learn more, visit https://uqoud.com/.
About BTP
Founded in 2018 and headquartered in the UK, BTP is a digital provenance company, with a mission to make assets trustworthy. BTP is the company behind Chronicle, an open-source, blockchain-backed provenance product. BTP is a member of the Blockchain Research Institute, the Global Blockchain Business Council, and the International Association for Trusted Blockchain Applications. BTP is an active participant in Linux Foundation open source initiatives CNCF, FINOS, GraphQL, Hyperledger Foundation, and LF Energy, and a founding member of the newly established Linux Foundation Europe. To learn more, visit https://btp.works/.
