Everything Blockchain Inc. Signs Five-year $47 Million Distribution Agreement with Al Rushaid Technologies

On April 4th, it was announced that Everything Blockchain Inc. (EBI) has reached a partnership with Al Rushaid Technologies (ART) today. The two companies will work together to provide highly differentiated data protection solutions for countries in the Middle East and North Africa. This five-year distribution agreement, totaling $47 million, is based on performance and is paid in installments to EBI. ART will become the exclusive agent of the company’s EB control platform in several Middle East and North African countries, including Saudi Arabia, Bahrain, Kuwait, United Arab Emirates, Oman, and Egypt. （Globe Newswire）

Blockchain company EBI collaborates with Al Rushaid Technologies to expand global business

On April 4th, Everything Blockchain Inc. (EBI) announced that it has formed a partnership with Al Rushaid Technologies (ART) to provide highly differentiated data protection solutions for countries in the Middle East and North Africa. This five-year distribution agreement, totaling $47 million, is based on performance and will be paid in installments to EBI. Under this partnership, ART will become the exclusive agent of EBI’s EB control platform in several Middle Eastern and North African countries, including Saudi Arabia, Bahrain, Kuwait, United Arab Emirates, Oman, and Egypt.

Why this Partnership is Significant?

Data breaches have become more common in recent years, raising concerns over data protection and cybersecurity. With the rise of new technologies, such as blockchain, data protection has become more critical than ever. The partnership between Everything Blockchain Inc. and Al Rushaid Technologies is significant because it addresses the issue of data protection in the Middle East and North Africa region. By combining their expertise and resources, the two companies can offer highly differentiated data protection solutions. This partnership demonstrates EBI’s commitment to expanding its presence in markets where demand for data protection is growing rapidly.

Who are Everything Blockchain Inc. and Al Rushaid Technologies?

Everything Blockchain Inc. (EBI) is a publicly-traded company that provides software solutions for enterprises in various sectors, including healthcare, energy, and finance. The company’s flagship product, the EB control platform, is a blockchain-based software that provides data protection and security solutions to businesses.
Al Rushaid Technologies (ART) is a subsidiary of the Al Rushaid Group, which is a leading industrial conglomerate in the Middle East. ART provides a wide range of IT services, including IT infrastructure, cybersecurity, and software development.

What are the benefits of the partnership?

The partnership between Everything Blockchain Inc. and Al Rushaid Technologies offers several benefits to both companies. For EBI, the partnership expands its reach into new markets and provides an opportunity to showcase its EB control platform. The company can leverage ART’s local expertise and network to promote its solutions in the region.
For ART, the partnership provides an opportunity to enhance its data protection solutions with blockchain technology. The company will benefit from EBI’s expertise in blockchain and data protection, enabling it to provide its customers with more comprehensive and innovative solutions.

Conclusion

The partnership between Everything Blockchain Inc. and Al Rushaid Technologies is a significant development in the data protection industry. The two companies can leverage their expertise and resources to offer highly differentiated solutions to businesses in the Middle East and North Africa. This five-year distribution agreement, totaling $47 million, signifies a long-term commitment to expanding their presence in the region and addressing the growing demand for data protection.

FAQs

1. What is the EB control platform?
EB control platform is a blockchain-based software that provides data protection and security solutions to businesses.
2. What countries are included in the distribution agreement?
The distribution agreement covers several Middle Eastern and North African countries, including Saudi Arabia, Bahrain, Kuwait, United Arab Emirates, Oman, and Egypt.
3. What are the benefits of blockchain technology in data protection?
Blockchain technology provides secure, transparent, and tamper-proof transactions, ensuring that data is protected from hacking and cyber threats.