Oslo, Norway, Saudi Arabia – July 9, 2024 – SEIYAJ TECH, a leading technology localization company in the Kingdom of Saudi Arabia (KSA), has announced a strategic partnership with Reltime, a pioneering provider of an industry-leading Layer-1 blockchain designed for enterprises and governments. The collaboration will leverage Reltime’s wide range of delivery models (cloud, on-premise/ on-soil, API-integration) and rich suite of applications (Wallet, SuperApp, Payments, Rewards, Bridge & Swap, Loyalty etc.).
Through this partnership, the partners will launch a targeted suite of innovative blockchain-based solutions tailored to the specific needs of the KSA Government and Public sector. Reltime’s permissioned Layer-1 Blockchain, which boasts a focus on identity, security, transaction traceability, and compliance support, will be seamlessly integrated with SEIYAJ TECH’s service deliveries built on a deep understanding of the local market requirements and regulatory landscape. Additionally, the partners will leverage Reltime’s pioneering research and development in emerging applications of blockchain technology, such as in the fields of medicine, 5G handsets, machine learning, AI, and robotics to spur innovation programs across universities in KSA.
“This partnership with Reltime marks a significant step forward in our mission to bring the most advanced and transformative technologies to the Kingdom of Saudi Arabia,” said Mr. Hussein Al Khars, CEO and Co-Founder of SEIYAJ TECH. “By combining Reltime’s industry-leading blockchain solutions with our local implementation expertise, we will unlock new opportunities for the public sector, empowering government entities to deliver more efficient, secure, and accessible services to the citizens of Saudi Arabia.“
Speaking on the ground-breaking partnership, Marlene Julo, CEO & Co-Founder of Reltime said, “We are thrilled to announce our strategic partnership with SEIYAJ TECH. This collaboration is a significant milestone in our journey to revolutionise the financial and digital services in KSA, the largest market in the MENA Region. Our joint efforts will drive the next generation of digitisation, fostering seamless transition to blockchain technologies that empower individuals and businesses. This partnership plays a crucial role in supporting the Saudi Government’s ambitious Vision 2030 initiative by promoting a digital-first economy, enhancing government services, and creating a resilient, technology-driven future”.
The partnership between SEIYAJ TECH and Reltime represents a significant milestone in the Kingdom’s digital transformation journey, highlighting the country’s commitment to embracing innovative technologies and fostering a more secure, transparent, and efficient public sector.
About SEIYAJ TECH.
SEIYAJ TECH, a Saudi-based company, focuses on localizing top global companies in emerging technologies to local markets worldwide. Through strategic alliances and creative localization efforts, SEIYAJ TECH strives to transform key industries and support governments across the world to thrive in an environment of unparalleled efficiency and transparency. Operating on a business-to-government (B2G) model, SEIYAJ TECH addresses the unique challenges faced by governments in pursuing technological advancements and digital transformation. The company serves as a hub seamlessly connecting global innovators with local needs, enabling effective implementation and integration of cutting-edge solutions.
For more information about SEIYAJ TECH, visit https://seiyaj.com
About Reltime
Reltime is at the forefront of the financial and digital services industry with its cutting-edge Web3 platform. The company has developed its own Layer-1 Proof of Authority Blockchain, which boasts zero transaction and gas fees. Reltime’s award-winning platform offers various applications, including non-custodian wallets, SuperApp, loyalty programs, payment solutions, lending services, QR codes, CBDCs and digital fiats, and utility tokens for financial, telecom, retail, technology and manufacturing sectors. Additionally, Reltime provides robust customer administration features such as eKYC, identity management, SLA, and reporting. Reltime is driving the next generation of digitization in supply chain management, tokenisation, asset ownership, and global trade through the integration of decentralized identity.
For more information about Reltime AS, visit https://www.reltime.com
(From left to right) – Mr. Jamal Hazime (SEIYAJ TECH), Mr. Bishwajit Choudhary (Chief Commercial Officer, Reltime), Mr. Hussein Al Khars (CEO and Co-Founder – SEIYAJ TECH) and Dr. Mohammed Ali FAKHRO (Managing Director, SEIYAJ TECH).
