CryptoWorld News: The United Arab Emirates Innovation City (Innovation City) has launched a blockchain enterprise digital identity system that converts local business licenses into dynamic, tamper-proof on-chain digital identities. The system is built on opn chain developed by iopn, and it is designed to provide near real-time verification for banks, regulators, and investors, while supporting AI-driven scenarios such as permissioning, compliance, taxation, and cross-border interactions. In addition, the system can also reduce the risks of document forgery and corporate structure abuse.

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