{"id":36552,"date":"2021-02-16T19:29:34","date_gmt":"2021-02-16T17:29:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36552"},"modified":"2025-08-29T06:54:59","modified_gmt":"2025-08-29T03:54:59","slug":"uae-billionaire-funds-opening-of-distributed-lab-branch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/uae-billionaire-funds-opening-of-distributed-lab-branch\/","title":{"rendered":"UAE billionaire funds opening of Distributed Lab branch"},"content":{"rendered":"<p>A Ukrainian blockchain company, Distributed Lab, has opened a branch in the United Arab Emirates (UAE). The project received funding from a local billionaire who wished to remain anonymous, ForkLog representatives said.<!--more--><\/p>\n<p>\\n<\/p>\n<p>The branch will focus on implementing blockchain and fintech solutions.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\u201cThe UAE market urgently needs expertise in implementing contactless technologies and secure digital solutions,\u201d said Igor Arkhipenko, director of the new Distributed Lab branch.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>In collaboration with Arab partners, Distributed Lab has already completed three projects in fintech and secure document management. Five more projects are in progress.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\u201cWe focus on comprehensive solutions with special security requirements, creating products and promoting them both on the UAE market and in other countries through partners,\u201d said Pavel Kravchenko, CEO of Distributed Lab.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>In 2018, billionaire and founder of Playtech Teddy Sagi invested in Distributed Lab.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"tRAQn838pC\\\">\n<p>Billionaire Teddy Sagi invested in Distributed Lab<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u201c\u041c\u0438\u043b\u043b\u0438\u0430\u0440\u0434\u0435\u0440 \u0422\u0435\u0434\u0434\u0438 \u0421\u0430\u0433\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0440\u043e\u0432\u0430\u043b \u0432 Distributed Lab\u201d \u2014 ForkLog\\\" src=\\\"https:\/\/forklog.com\/news\/milliarder-teddi-sagi-investiroval-v-distributed-lab\/embed#?secret=71mVt16Pyu#?secret=tRAQn838pC\\\" data-secret=\\\"tRAQn838pC\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>\\n<\/p>\n<p>In early 2020, Distributed Lab, together with the National Bank of Ukraine, presented an MVP (minimum viable product) of the digital hryvnia system.<\/p>\n<p>\\n<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ukrainian blockchain company Distributed Lab opened a branch in the United Arab Emirates (UAE). The project received funding from a local billionaire who wished to remain anonymous, ForkLog representatives said.<\/p>\n","protected":false},"author":1,"featured_media":36553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,299,42,16],"class_list":["post-36552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-distributed-lab","tag-uae","tag-ukraine"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=36552"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36552\/revisions"}],"predecessor-version":[{"id":36554,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36552\/revisions\/36554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/36553"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=36552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=36552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=36552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}