SBS becomes main distributor of Modex's blockchain-based solutions across the MENA region and Africa
10-08-2022 16:12:13 | by: Pie Kamau | hits: 4546 | Tags:

Superior Business Solutions (SBS), an innovative IT solutions provider from Florida, USA, with operations in the UAE, KuwaitQatar, and Egypt, has become the main distributor of Modex's blockchain-based products and services across the MENA region and Africa.

SBS's new partnership with Modex, a blockchain solutions provider, enables both parties to provide cutting-edge services that will transform the way data and digital assets are stored, shared, and managed, providing greater transparency and data integrity.

Adel Youssef, CEO, SBS: ''The blockchain market in the Middle East and Africa is expected to grow from $199 million in 2021 to $ 7.6 billion by 2028; it is estimated to register a CAGR of 68.3% from 2021 to 2028. The government needs very fast-paced growth in sectors like healthcare, banking, telecommunication, logistics, and many others, and using blockchain-based solutions can help accelerate development across these sectors.''

Through its partnership with Modex, SBS intends to provide the most innovative solutions and products with relevant blockchain-powered functionalities in multiple industries, including healthcare, businesses, and finance. This will allow the two companies to seamlessly integrate blockchain solutions with customers' existing data systems to achieve higher operational efficiency, security, and transparency.

Mihai Ivascu, CEO and Co-founder, Modex: ''Given their experience and know-how with local and regional companies, appointing Superior Business Solutions as our main distributor in the MENA region and Africa was a logical decision. Thanks to this agreement, Modex will reach even more customers in these parts of the world, providing blockchain-based solutions that are perfectly tailored to their business needs.''