Mohammad BinHendi Leads Kryptics as Chairman to Create the Middle East’s Most Valuable NFT and Blockchain Advisory
Over the last 4 years, blockchain technology has grew from being known as the crypto based hype train to a technology that can be utilized for enterprise. More specifically, a technology that dramatically improved data validation & verification of intellectual property through NFTs. In fact, one of the most important changes that have happened for blockchain technology in the last two years is the development of NFTs, also known as Non-Fungible Tokens. This is because NFTs helped enterprise see the value of blockchain technology in a different light than what it was mainly seen for, crypto.
What Are NFTs?
NFTs are essentially digital time and date stamps on the blockchain network that allow for a true digital ownership verification process that does not involve human interference and technically cannot be altered. This helps to solve a huge issue that organizations and individuals face which is theft of intellectual property and falsified verification of information.
What Does This Mean For Kryptics Blockchain Advisory and educating the Middle East on Blockchain Technology?
Kryptics was created almost 4 years ago. It was previously known as DMP which owned and ran DMP ventures that helped blockchain startups meet investors and also owned BII SUMMIT which was the first blockchain event in the middle east dedicated to connecting investors to blockchain companies. Kryptics’ main mission is to empower individuals and organizations on the power of using blockchain technology to verify and manage data for different industries in the UAE and MENA region such as, finance, gaming, real estate, tech development, cyber security and healthcare. And by providing access to NFT technology, Kryptics is able to directly impact organizations by helping them create a smoother more effective business.
How Does Having a Conglomerate Business Leader Such As Mohammad BinHendi Help Kryptics to Achieve its Mission?
Mohammad BinHendi is the deputy chairman of Binhendi Enterprises. Binhendi Enterprises holds over 75 international fashion brands in the UAE and is involved in a multitude of other businesses. Mohammad uses his wealth of experience from running one of the UAE’s largest conglomerates to lead Kryptics to become the most valuable blockchain advisory in the UAE and MENA region. As Chairman of Kryptics, Mohammad main role is to lead the company to be a leader in helping organizations and individuals adopt blockchain technology. And this is important because the lack of education on blockchain technology in region is borderline frightening. Moreover, the growth of Bitcoin’s value over the last few years indicates two things: the loss of trust in fiat currency and the adoption of crypto by individuals is growing at a rapid rate. This should make clear the importance for individuals and organizations to be involved in blockchain so that once blockchain becomes mainstream, they are not left behind.
What Are The Indications That Blockchain Is Going Mainstream?
By analyzing the last major technological revolution, the Dot Com Boom, we know that few have gained and most where left behind. Moreover, when the Dot Com Boom was happening in the early 2000s, people believed the internet was a fad and ended up having to play catch up when the internet became the standard operation & communication method for our world. This means that companies who could have simply learned to adopt the technology to massively improve the way they do business ended up going out of business due to their own ignorance on the matter. A prime example of this is Toys“R”Us.
By having Mohammad BinHendi join hands with blockchain entrepreneur Mena Botros, the mission of educating the MENA region on the power of blockchain technology can soon became a reality.
To learn more about Kryptics, please visit:
or
simply email info@kryptics.io to learn more about implementing blockchain for your organization.
Kryptics Blockchain Advisory:
Crypto Fund
NFT Creation
Blockchain Startup Investment Funding
