Wednesday 29 May 2024

Aramco, droppGroup seal web3 tech collaboration deal

DHAHRAN (Saudi Arabia), February 28, 2023

US-based droppGroup (dropp) has signed an industry-first Web3 Technology agreement with Saudi oil giant Aramco to explore how the two parties can collaborate together to deploy its proprietary Web3 technology in furtherance of the Saudi Vision 2030 quality of life programme.
Headquartered in New York with additional operational hubs in Canada and Saudi Arabia, dropp has developed multiple proprietary, patent-protected innovations in artificial intelligence, machine learning, XR, computer vision algorithms and streaming.
Through this collaboration, dropp and Aramco will explore co-developing a wide range of unique Web3 innovations that have potential to benefit Aramco employees, said Nabil Alnuaim, the senior Vice President of Digital and Information Technology at Aramco after signing the deal with Faisal Almonai, the Global Chairman of droppGroup at IKTVA 2023 event in Dhahran, Saudi Arabia.
The duo aims to develop an experiential on-boarding and training ecosystem, and a fully interoperable tokenized network and Web3 rewards programme, stated Alnuaim.
Through this groundbreaking innovation collaboration, the duo is exploring ways to create global tokenized network connecting all Aramco stakeholders, he added.
The dropp creates communities and Web3 experiences for enterprise clients and users through its proprietary tech stack including Ai/ML, Extended Reality (XR), tokenized networks, contextual learning and customized metaverse environments. 
Its solutions are based on the development and deployment of phygital innovations connecting the physical and digital worlds to deliver unique value to all stakeholders.-TradeArabia News Service


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