Espeo Blockchain to Address MENA Talent Shortage - Bitsonline

Espeo Blockchain to Address MENA Talent Shortage

Initial Coin Offering advisor and blockchain consulting enterprise Espeo Blockchain will open a regional office in Dubai in a bid to tackle the problem of the lack of skilled blockchain professionals in the Middle East and North African region (MENA).

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Espeo to Address the DLT Talent Shortage

Distributed ledger technology (DLT) solutions provider Espeo Blockchain is expanding its reach to MENA, setting up a regional office in Dubai to offer technical advice and also develop blockchain solutions for both public and private sector enterprises in the region, as reported on Arabian Business.

The Middle East is quickly emerging as a blockchain powerhouse and Dubai, in particular, has positioned itself as a global venue for DLT startups. Governments across the region have established policies to foster the development and adoption of the groundbreaking technology.

But the limited number of experts in blockchain technology has become one of the biggest stumbling blocks in the region. Addressing this concern, government and private enterprises are sourcing talent from abroad.

With prowess in distributed ledger tech, San Francisco-based Espeo Blockchain aims to “fill in the gap” of blockchain experts in the MENA region. On the local DLT skill shortage, Espeo Blockchain’s MENA regional director Mickael Costache said:

“We’re planning to change that, giving the public access to not only blockchain developers, but advisors helping to make the right decisions for a particular use case.”

The company’s other offices are based in Swiss crypto hub Zug, Helsinki, and Poznan.

espeo blockchain middle east

Cultivating Blockchain Talent Within the UAE

Meanwhile, the Dubai government is also playing its part in addressing the high demand for DLT engineers. In April this year, Sheikh Mohammed bin Rashid Al Maktoum, the Prime Minister of the United Arab Emirates and Ruler of the Emirate of Dubai, rolled out a “UAE Blockchain Strategy 2021” to pursue the widespread adoption of the emerging technology.

As part of the action plan, the government organized workshops and backed a number of university courses to foster blockchain talent within the UAE.

Noting the government’s effort, Noor Sweid, General Partner at Global Ventures stated at an Arabian Business forum:

“The government does have fantastic ambitions that attract a lot of talent. For instance, a lot of blockchain talent now sits in Dubai, and the city is a major hub for additive manufacturing. So it’s really helping create an infrastructure.”

For example, the Dubai city government initiative Smart Dubai partnered with one of the world’s most notable institutions, Oxford University, to exchange expertise in distributed ledger technology.

Will the Middle East become a DLT powerhouse? Share your views in the comments section below.

Images via Pixabay

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