KSA-based company Quara Holding has declared a ground-breaking partnership with leading Ethereum software firm ConsenSys, a blockchain infrastructure company supporting innovative solutions for its clients in financial services, real estate, and other sectors.

Quara Blockchain is part of the ConsenSys Partner Programme and the partnership sees Quara Blockchain and ConsenSys helping each other with all activities in Saudi Arabia.

ConsenSys allows companies to issue, distribute and manage the lifecycle of any form of digital assets on a decentralised network. The company is one of the first operators within the real estate industry to enable its clients to use blockchain technology for property investments. Partnering with Quara Blockchain means that both public and private sectors can leverage pioneering software solutions to increase productivity while being more secure than ever before.

Partnering with ConsenSys brings new and innovative blockchain solutions to our clients, while providing Quara Holding with unrivalled development and continuous support in a whole new decentralised landscape. We are always looking to innovate and bring our clients the best service possible, which is illustrated by this exciting collaboration. It is a huge milestone in the history of our company. said Ziad El Chaar, CEO, Quara Holding

ConsenSys is also very much excited about the partnership. Philip Matov, ConsenSys Business Development lead in the Middle East, commented: At ConsenSys we are looking forward to our partnership with Quara Holding as their commitment to innovation and digital transformation is truly inspiring. Together we will be pushing the boundaries of modern financial infrastructure. We are confident that we will be able to serve as an example and carve a path forward for progressive companies in the region to follow.

The potential of this partnership is enormous as it gives clients in various different sectors across Saudi Arabia the chance to use blockchain technology for applications and transactions, which were previously done in a very outdated fashion. As a partner, Quara Holding will have full access to the ConsenSys infrastructure, which is the gateway for a number of exciting opportunities. Were delighted to be working with a forward-thinking company that puts its clients first and has a strong vision for the future. He added.

The technology will be used across Quara Holdings ecosystem of companies in a number of sectors including finance, real estate, supply chain, government, healthcare, oil & gas, e-commerce and education.