Sharjah’s first blockchain platform
In partnership with Hamriyah Free Zone Authority (HFZA), EVOTEQ launched a Permit Portal that was specifically designed for them. The platform digitizes permit applications, cutting down processing time to a few hours. It also provides periodic reports on volumes, transactions and other key data trends; ensure that transactions are completely safe and secured, eliminating human error and tampering in the process. Blockchain or distributed ledger technology is known for its transparency and fast-tracking transactions. By validating processes and store transactions, the blockchain-based portal eliminates human errors and saves time. With the effective management of resources, it has considerably reduced the time taken to issue permits from several days to a few hours.