Ho Chi Minh, VIETNAM – Blockchain venture builder RedFOX Labs is set to take on the Middle East and Northern Africa, thanks to a newly established Joint Venture with Kinetic Consulting Services of Dubai.
RedFOX Labs is a blockchain based tech company that identifies and builds proven unicron business models for the emerging markets of Southeast Asia and now the MENA region. They create innovative and scalable solutions to unlock the true market potential on Komodo Platform, as they aim to create market leading companies in the e-commerce, e-media, e-travel and transport and logistics.
“RedFOX Labs had the MENA region earmarked for the future but it seems the demand brings us there sooner than we had expected” Said Ben Fairbank CEO and Founder of RedFOX Labs. “We are proud to announce that we have established a JV with Kinetic Consulting Services, which allows us to provide blockchain solutions and services throughout the region. We believe the MENA region will be a front-runner in blockchain adoption and the overwhelming request for information is testament to this fact. It was crucial for us to establish a JV with a company that not only has an impeccable reputation but complimentary skill sets that allow us to provide a truly end to end service. The possibilities surrounding the JV are quite impressive”
RedFOX Labs has started designing its first few lead projects and is busy setting up their base in Vietnam, to tackle the bustling and emerging markets of the Southeast Asia region. Lead by an experienced team of Australian C Level executives, with global experience in disruptive tech and blockchain, RedFOX Labs is sure to be a hit as they determine which large-scale businesses and industries can be enhanced, by the introduction of blockchain technology.
The Daily Chain spoke exclusively to Ben Fairbank, CEO who told us “Komodos technology was the inspiration behind RedFOX Labs. So many other platforms are focused on one thing or are incomplete and therefore Komodo just needed a vessel to take it mainstream. What we aim to do is replicate large successful companies, with blockchain as the differentiator, then introduce them to the emerging markets. This way users won’t even know they’re using blockchain and Komodo will be integrated into large businesses born through RedFOX Labs. We aren’t waiting for people to come to blockchain, instead we are taking blockchain to the people under the guise of products and services they are already familiar with”
“Blockchain technology is a hot topic in the MENA region” Said Joe Tawfik, CEO and Founder of Kinetic Consulting Services. “As a strategic partner of the recently launched Government Experience portal we felt it was time to support the growing demand we have seen for blockchain services. The UAE government continues to support startups that have solutions to enhance citizen/customer happiness. We know that many of these startups are using blockchain to provide new value-creating solutions. By partnering with RedFOX Labs, we will have access to not only amazing technology but an opportunity to provide a more consultative process to blockchain integration and solutions. Both parties are excited and committed to accelerating the adoption of blockchain in the MENA region and this JV allows us to achieve our goal”.
RedFOX Labs will now look to begin their collaboration with Kinetic Consulting Services as early as this month as they commence their seed round raise and begin to ramp up operations.
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