BANGALORE, India, March 9, 2018, Carmatec — In another strategic move to expand business in the digitally ‘fertile’ Middle Eastern soil, the multinational digital transformation business Carmatec has announced that it has signed a partnership agreement with the Dubai-based Tech Startup, eFatoora. The collaboration is focused around leveraging emerging technologies such as Blockchain on high-impact projects to bring about dramatic advances and drive HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum’s vision of paperless Dubai in 2021. In terms of technology advances, BlockChain promises in opening substantial opportunities, especially for the trade & logistics, capital markets, insurance, intellectual property, healthcare and government sector in Dubai.
With this partnership, Carmatec –which is a global leader in digital transformations and IT solutions–will be strengthening its ties with the Gulf countries and exploring opportunities in new market sectors. Up until February 2018, Carmatec has made significant technical contributions to the e-commerce, BFSI, media, print, advertising, healthcare, construction, automobile and IT supplies sectors in the Middle East. The award-winning company specialises in offering digital enablement, enterprise, Cloud & IT solutions to start-ups and small to large organisations and has an extensive clientele list from across 20 countries.
Ranked among the top 10 startups to watch out for by the GITEX Future Stars 2017, eFatoora has been making waves in the technology sector of Dubai for their latest Blockchain-based platform. This new platform offers ‘smart contract’ program for the BFSI (Banking, Financial Services and Insurance) sector which will eliminate the need of the middleman and reduce the cost of operation for financial service providers. Further, the platform promises to eliminate the hassles involved in money exchange and property & share related transactions and introduces a value of transparency to the entire process. The project is aligned with eFatoora’s mission of making Dubai the smartest and happiest city by enabling sustainable technology across the city.