UAE Free Zone Launches On-Chain Business Identity System
Innovation City, the UAE free zone in Ras Al Khaimah, launched a blockchain-based digital business identity system, giving every registered company a cryptographically verifiable identity on-chain. Built on IOPn’s OPN Chain, the system replaces static business licenses with immutable, “soul-bound” digital records designed to support near-real-time verification by banks, regulators and commercial partners.