Innovation City, a Ras Al Khaimah-based free zone focused on artificial intelligence and Web3, has launched what it claims is the first blockchain-based digital business identity system.
According to a Monday release shared with Cointelegraph, every company registered in Innovation City receives a sovereign, cryptographically verifiable identity issued on OPN Chain, the public blockchain infrastructure developed by United Arab Emirates-based IOPn.
The release said this turns the business license from a static PDF or database entry into a dynamic onchain asset designed to reduce reliance on centralized intermediaries and cut verification uncertainty.
The move reflects a broader push in the UAE to replace traditional business registries with blockchain-based identity systems and AI-driven workflows, which proponents say could streamline verification and enable more seamless digital operations. By embedding onchain identity directly into company registration, Innovation City is testing a model that goes beyond most existing digital ID frameworks, but its impact will depend on
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