- As part of a partnership between BEEAH and The Hashgraph, the Hedera-backed IDTrust platform will first be implemented internally for employee and partner identity management.
- The deployment positions BEEAH as a MENA leader in decentralized identity solutions, demonstrating Hedera-powered secure digital authentication.
Swiss-based Web3 technology engineering company, The Hashgraph Group (THG), which is also part of the Hedera ecosystem, joined hands with UAE-based BEEAH Group in efforts to bring the region’s first decentralized digital identity (DID) solution. This will allow unified and secure access to digital identity across BEEAH’s diverse services and businesses.
BEEAH Partners with Hedera to Launch Enterprise-Grade Identity Platform
BEEAH, the UAE-based diversified group, has partnered with The Hashgraph Association (THA) under its Enterprise Accelerator Program to deploy IDTrust, Hedera’s enterprise-grade self-sovereign identity platform built on distributed ledger technology (DLT). The Hashgraph Group supported a similar e-ID initiative in Switzerland, powered by Hedera’s ID Trust solutions, as mentioned in our previous post.
The rollout represents a key milestone in BEEAH’s digital transformation journey, aiming to establish a connected, trusted, and privacy-focused ecosystem across its core sectors. This includes environmental services, energy, real estate, technology, and healthcare.
The rollout of IDTrust will follow a phased approach, starting with BEEAH’s internal operations, which include identity management for employees and partners. It will then expand across all BEEAH entities and initiatives, including smart real estate communities, healthcare facilities, and environmental services platforms.
In the subsequent phases, BEEAH will explore wider collaboration with government bodies and city-wide stakeholders in the UAE. This will position them as a regional leader in decentralized identity adoption. Speaking on the development, Kamal Youssefi, President of The Hashgraph Association, stated:
“Backed by the Hedera Governing Council, THA’s mission is to drive the broad adoption and utilization of Hedera globally. The MENA region continues to prove its innovative leadership in implementing cutting-edge digital technologies through strategic partnerships such as the one between BEEAH and THG. This reflects the continuation and affirmation of Hedera’s long-term commitment not only to empower enterprises and government institutions in the UAE but throughout the wider MENA region, and beyond”.
Using IDTrust Platform For Self-Sovereignty
BEEAH is set to implement the enterprise-grade IDTrust platform as a secure, privacy-first self-sovereign identity (SSI) solution across its operations and ecosystem. Developed and operated by The Hashgraph Group (THG), IDTrust leverages quantum-secure cryptography to verify identities, enabling trusted issuance of credentials, KYC checks, etc.
The deployment positions BEEAH as a regional leader in decentralized identity solutions. It showcases how Hedera-powered technology can drive secure, efficient digital authentication and support sustainable innovation in governance and services.
According to Grandview Research, the global decentralized digital identity market was valued at USD 647.8 million in 2022 and is projected to reach USD 102 billion by 2030, expanding at a CAGR of 90.3%.