Saudi blockchain start-up IR4LAB expands into Africa
Saudi-based blockchain company IR4LAB is expanding its operations to Africa, seeking to be a key player in the burgeoning digital economy.
IR4LAB is a blockchain technology start-up whose solutions help corporations detect fraudulent resumes and professional qualifications.
The company, which specialises in disruptive technologies, such as blockchain and AI, announced the move last week, saying the expansion is part of IR4LAB’s commitment to the African continent.
The aim, it says, is to spur innovation in deep technologies and implement use cases utilising IR4LAB’s blockchain solution.
DocCerts is a credentialing solution that facilitates creating and sharing blockchain-secured digital records that are recipient-owned, vendor-independent, and verifiable anywhere.
“We are happy to be expanding into the African market. We believe that Africa’s digital economy will grow. We want to be part of this growth in innovation and digitisation,” said Mohamed El Kandri, co-founder, IR4LAB.
Majd Al Afifi, CEO and co-founder, IR4LAB, added:“More and more blockchain entities are setting up base in Africa, but we are glad that IR4LAB will be the first from Saudi Arabia to do so with the support of our leadership”.
IR4LAB was recently accepted into a tech champions accelerator programme backed by Silicon Valley’s Plug and Play. Plug and Play was an early investor in Google, PayPal, Dropbox, LendingClub, N26, Soundhound, Honey, Kustomer, and Guardant Health.