Star Tech: How ZorroSign secures businesses through blockchain technology – News

The company’s short-term roadmap includes opening an investment round to accelerate global growth

Shamsh Hadi is an entrepreneur who has helped organizations transform into digital powerhouses.

Hadi has been the CEO of several Dubai-based organizations. In 2015 he built a multi-chain blockchain platform, and four years later he launched ZorroSign – for the uninitiated it means that when the risk is personal and everything is on the line, choose Z-Sign or don’t sign – unifying the platform and digital signatures with identity- as-a-service (IDaaS), patented fraud prevention and artificial intelligence (AI)/machine learning (ML) technologies to ensure user authentication and document verification for legally enforceable digital transactions.

Hadi, who is the CEO and co-founder of ZorroSign, is working to make the startup the most advanced digital signature and transaction management solution in the market, emphasizing privacy and security across the Web 3.0 and Metaverse ecosystems.

He explained ZorroSign’s unique selling proposition.

“ZorroSign’s technology accepts complex passwords and multi-factor authentication while supporting passwordless logins. Our blockchain platform can validate multiple dimensions of authentication based on the transaction security needs. We use zero-trust distributed ledger technologies – originally built on Hyperledger Fabric and later extended to include Provenance Blockchain – to provide superior privacy and security. Our technologies reduce operating costs, reduce paperwork errors and increase productivity, he said.

Hadi, who has a doctorate in economics and business management from the University of Waterloo in Canada and certification courses from Cornell University in the US across various fields, including strategic hotel management and blockchain for business, is following the presidential program at Harvard Business School.

He weighed in on how the blockchain industry is expanding in the six-nation Gulf Cooperation Council (GCC), where it is led by the UAE.

“The digital transformation of the GCC helped the expansion of the blockchain industry. The region paved the way for increased business and technology prospects, which can be attributed to the Middle East’s inherent entrepreneurial potential, interest in technological application and regulatory certainty. Blockchain has a chance to thrive in the region on the back of UAE, Bahrain and the Kingdom of Saudi Arabia’s highly proactive regulatory measures to incubate innovative ideas These are forward-thinking, tech-friendly countries, where central banks are actively investigating digital currencies, while fintech sandboxes are helping entrepreneurs Emirates Blockchain strategy plays a significant role in blockchain adoption at the state level, not only in the Middle East, but also globally, he said.

Hadi cited that the UAE has emerged as the bedrock for new developments and breakthroughs in cryptocurrencies, Metaverse and non-fungible tokens (NFTs), thanks to the announcement by Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, on “Dubai Metaverse Strategy”.

He said: “This is a first-of-its-kind initiative in the world to be implemented at the government level. It aims to increase the number of companies and innovations related to blockchain and Metaverse by five times. The government intends to support the creation of over 40,000 virtual workplaces, which are expected to contribute Dh4 billion to the national economy over the next five years.The feasibility of these ambitious goals stems from the fact that the UAE already has a significant blockchain NFT Metaverse sector, with around 1,000 companies contributing about $500 million to the national economy.Also, a new high-level committee has been established in Dubai to formulate guidelines for emerging technologies such as Metaverse, AI, blockchain, Web 3.0, virtual reality (VR), augmented reality (AR), data centers , cloud computing and other modern technology concepts,” he added.

Hadi is keeping a close eye on how blockchain and AI are changing the digital business landscape.

“Individuals, businesses, organizations and governments around the world are transitioning to digital operations at an incredible pace. However, transitioning to a digital environment can introduce risks related to data security and privacy. Blockchain architecture, originally built for zero-trust environments, provides information technology organizations (IT) a convincing alternative to centralized databases and strong protection against cyber attacks.

“In phishing attacks that seek to steal data, for example, blockchain presents a data architecture where no single endpoint node controls the data set. Even if a single endpoint is hacked through phishing or through other means of social engineering, the data set is distributed across many nodes. This decentralization of data and access means that even successful phishing attacks that penetrate a blockchain endpoint gain only a small portion of access to the system, he said.

ZorroSign is eager to strike a fine balance between sustainability and deep technology, as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, has struck a major chord with Hadi.

The visionary leader’s Digital City Vision for Smart Dubai has been a guiding principle for ZorroSign. “I share His Highness’s goal of a paperless life in the UAE by 2030,” he added.

ZorroSign has also thrown its lot behind Dubai’s blockchain initiatives which are a work in progress for a smart digital transformation.

The startup’s customers span education, financial services, government, information technology, legal services, real estate and several other industries worldwide.

One of ZorroSign’s key deliverables in the second half of this year is the redesigned user interface (UI) and user experience (UX), according to Hadi.

“Our goal is to ensure that the look and feel of our mobile application is the most intuitive and user-friendly digital signature experience available. We are excited to unveil our new screens, features and navigation on August 15th. We encourage new users to try our software without cost with a free 14-day trial,” he said.

“Our short-term roadmap includes opening an investment round to accelerate our global growth. ZorroSign’s roots are deep in the UAE; we’ve had our development center of excellence in Sri Lanka, and we opened an operations hub in the US in 2020. Finding strategic investors and bringing them on board is a critical stepping stone in the company’s roadmap for the next year,” he added.

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