UAE Innovation City, a premier AI-powered free zone in Ras Al Khaimah, announces the launch of the world’s first blockchain-based digital business identity system. Every company registered now receives a sovereign, living, cryptographically verifiable identity powered by IOPn’s native layer on blockchain, OPN chain.
This is not an upgrade. This is a complete re-architecture of how businesses exist, prove themselves and interact in the 21st century.
For the first time in history, a business licence is no longer a static PDF or a line in a government database. It is a dynamic, immutable, soul bound digital asset; removing reliance on centralised intermediaries and drastically reducing verification uncertainty.
In alignment with the UAE’s national strategic imperative.
The timing is no coincidence. The UAE government has just announced its bold directive to transition 50% of federal government sectors, services and operations to Agentic AI within two years. For those intelligent agents to autonomously process licences, permits, compliance checks, taxation and cross-border interactions at machine speed.
Innovation City has delivered it.
“Today we don’t just register companies, we give them a soul on the blockchain,” said Paul Dawalibi, CEO of Innovation City. “For decades business identity has been trapped in paper, PDFs and fragile databases – slow, opaque, and built for a world that no longer exists. We are ending that era. Every enterprise in Innovation City now carries a living, verifiable digital identity that travels with it across borders, platforms, and straight into the age of intelligent agents. Ras Al Khaimah isn’t following the future. We are writing it. One more thing: the companies that claim their place on this chain today will lead the global economy tomorrow. Everyone else will be explaining why they’re still using yesterday’s tools.”
Mojtaba Asadian, CEO of IOPn, said: “IOPn is the sovereign infrastructure layer enabling the UAE’s agentic AI economy, starting with business identity and built to scale across jurisdictions, institutions and sectors. Cryptographically secure. Evolving. Interoperable. Compliant. When Innovation City chose OPN Chain to power the world’s first on-chain business identities, they didn’t just pick a technology – they chose the infrastructure of digital sovereignty. Together, we are proving that the future of enterprise is not centralized databases or fragmented systems. It is sovereign, verifiable and alive on-chain.”
