stc Bahrain and Aleph Zero enter into partnership to advance blockchain DePIN across the Gulf region
Manama, Bahrain, April 16, 2024, Chainwire
By partnering with Aleph Zero, stc Bahrain aims to leverage cutting-edge solutions to improve privacy, security and decentralization in the digital realm.
stc Bahrain, a world-class digital enablement company, announced its partnership with Aleph Zero, a privacy-enhancing layer 1 blockchain, as part of its Web3 Launchpad program. This collaboration supports stc Bahrain’s commitment to fostering the growth and development of blockchain technology across the Gulf region.
Supported by stc's Web3 Launchpad program, this collaboration will strengthen Aleph Zero's network by deploying validator nodes, strengthening the blockchain's infrastructure with stc Bahrain's powerful digital capabilities. This partnership not only expands stc Bahrain's infrastructure offering, but also firmly supports a differentiated network focused on privacy, scalability, security and speed.
In the ever-evolving and crowded web3 environment, Aleph Zero stands out for its technical excellence and unparalleled approach to solving the key challenges of on-chain privacy and enterprise-grade scalability. Through a unique consensus protocol, AlephBFT, and a public network that provides strong privacy-preserving technologies through a combination of zero-knowledge proofs (ZK-SNARKs) and secure multi-party computing (sMPC), Aleph Zero provides a secure and scalable solution, setting. do. A foundation for private, verifiable transactions without exposing sensitive data.
“stc Bahrain is pleased to welcome Aleph Zero as a Pearling Path partner within the Web3 Launchpad program. This collaboration brings us closer to creating a secure and integrated digital ecosystem in the Gulf. Aleph Zero provides valuable privacy-preserving technology and a scalable, decentralized network that aligns with our goal for a seamless digital future.” said Mr. Saad Odeh, Chief Wholesale Officer, stc Bahrain.
Antoni Zolciak, co-founder of Aleph Zero, added: “stc Bahrain is at the forefront of innovation in the Gulf region and is leading the adoption of Web3 and blockchain solutions. Aleph Zero is excited to partner with stc in line with our commitment to a secure, scalable, and privacy-centric blockchain infrastructure. We look forward to seeing how our combined efforts can contribute to the development of a more secure and decentralized DePIN digital ecosystem across the Middle East.”
As the Web3 ecosystem expands, the need for strong privacy, security, and decentralization becomes more important. This partnership with Aleph Zero is consistent with stc Bahrain’s vision to drive a secure and decentralized Internet of Value. stc Bahrain, which supports Aleph Zero's infrastructure, has a cutting-edge position while fostering a secure and private digital ecosystem.
Aleph Zero's commitment to decentralization, along with its broad applicability across industries, positions it as an ideal ally for stc Bahrain. With more than 40 use cases in progress, from secure data exchange to private voting, Aleph Zero is set to drive significant advancements across the digital landscape.
About stc bahrain
stc bahrain, a subsidiary of stc group, is the fastest growing and most innovative telecommunications operator in bahrain. Since its founding in 2010, stc Bahrain revolutionized the telecommunications industry in the Kingdom of Bahrain and quickly became the market leader, a position it maintains to this day by investing in next-generation technologies and introducing innovative solutions to the people of Bahraini. In 2018, stc Bahrain innovated fintech through the stc pay service ecosystem.
stc Bahrain has innovated locally, regionally and globally and has won more than 20 awards in just 11 years for being the best, broadest and fastest network connecting people with a host of powerful products and services. Our relentless commitment to innovation has positioned us as a driving force in providing telecommunications, digital and mobile financial services for everyday customers, homes and businesses. With its wide range of benefits and customized products that provide ultimate control and flexibility in a world of evolving digital needs, stc Bahrain has not only become the preferred telecom network in Bahrain today, but also the most forward-thinking and courageous disruptor in the telecom and telecom sector. Fintech.
For more information, please visit https://www.stc.com.bh/ or follow stc Bahrain's. Twitter
About Aleph Zero
Aleph Zero is a layer 1 blockchain designed for speed, data confidentiality, and ease of development. It achieves similar efficiencies to existing web2 systems, maintains rigorous standards for data protection through ZKP and MPC, and provides a comprehensive toolset for WASM-based web3 development in Rust. Aleph Zero's versatility is highlighted by more than 40 use cases under active development, demonstrating its adaptability across a wide range of sectors and applications. These use cases are part of the engaged community and growing web3 application ecosystem supported by the Aleph Zero program.
For more information, visit https://alephzero.org/ or follow Aleph Zero. Twitter
contact
public relations manager
Josh Adams
Aleph Zero
josh.adams@serotonin.co
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