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UAE AI Free Zone Innovation City Launches Blockchain Business Digital Identity System, Converting Local Business Licenses into Dynamic, Immutable On-Chain Digital Identities.
The system is built on the OPN Chain developed by IOPn, aiming to provide near real-time verification for banks, regulators, and investors, and supporting AI-driven scenarios such as licensing, compliance, taxation, and cross-border interactions.
The system also reduces the risks of document forgery and corporate structure abuse. (CoinTrust)