SBS becomes the main distributor of Modex’s blockchain-based solutions in the MENA region and Africa

DUBAIUAE, August 8, 2022 /PRNewswire/ — Superior Business Solutions Inc., an innovative IT solutions provider from Florida, USAwith operations in the UAE, Kuwait, Qatarand Egypthas become the main distributor of Modex’s blockchain-based products and services in the MENA region and Africa.

SBS’s new partnership with Modex, a leading provider of blockchain solutions, enables both parties to offer ground-breaking 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 the most innovative solutions and products with relevant blockchain-powered features across multiple industries, including healthcare, corporate 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.

“The Blockchain Market in the Middle East and Africa expected to grow from 199 million dollars in 2021 to USD 7.6 billion by 2028; it is estimated to register a CAGR of 68.3% from 2021 to 2028,” SBS CEO Adel Youssef noted. “Government needs very fast growth in sectors such as healthcare, banking, telecommunications, logistics and many others, and the use of blockchain-based solutions can help accelerate development across these sectors.”

Mihai IvascuCEO and co-founder of Modex, stated: “Given their experience and knowledge with local and regional companies, appoint 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, offering blockchain-based solutions that are perfectly tailored to their business needs.”

Blockchain-as-a-Service market opportunity

According to Fortune Business Insights, the global Blockchain-as-a-Service (BaaS) market size was 1.9 billion dollars in 2019 and is expected to reach USD 24.9 billion by 2027, expanding at a CAGR of 39.5%. “Increasing adoption of blockchain-as-a-service (BaaS) tools and services among SMEs to build blockchain applications, smart contracts and payment systems is expected to drive market growth during the forecast period,” the report said. In this context, businesses of all sizes are looking at ways to access the benefits of BaaS services, such as smart decentralization, data immutability and integrity, high efficiency, cost effectiveness and strong security.

Modex Ledger DB: Enterprise-grade BaaS

With Modex Ledger DB, an enterprise platform built on top of the Blockchain Database® (BCDB) solution, Modex builds relevant software applications to serve specific industries and use cases, which can be customized and customized for each business based on a flexible subscription-based model.

Modex Ledger DB brings a number of features that enable rapid adoption of blockchain technology across every vertical and make the deployment process as seamless as possible. It allows businesses to interact with this technology in a simplified way while offering the necessary support to ensure efficient and practical functionality. Furthermore, it is designed with enterprise functionality in mind to meet the most stringent requirements for scalable, production-ready networks that integrate with legacy enterprise computing systems.

Modex Ledger DB offers end-to-end blockchain-powered services that can be scaled up quickly without interruption, offering high security and stability. The solution is easy to deploy and use and provides enhanced administrative capabilities to help companies build enterprise-ready blockchain networks.

About Modex

Modex’s skilled team of around 100 members spread over four offices – London, BucharestSilicon Valley, and Gibraltar – has been working on preparing and deploying relevant software applications on top of our Blockchain-as-a-Service solution that can support a wide range of use cases and facilitate seamless integration of blockchain technology into enterprise-level products and services.

About SBS

SBS’s team of professionals is scalable to requirements to provide design, build and integrate multiple and varied smart solutions, whether for enterprises or healthcare services serving different sectors (administrative, clinical and financial) for large and federal governments in the MENA region and Africa to enable businesses to manage their day-to-day functions smoothly and efficiently.

Media contact: Adel Youssef, [email protected]+971-04 427 7705, http://www.sbs-me.com/

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SOURCE Superior business solutions