Recently In the kingdom of Saudi Arabia, the leading blockchain firm Most Caffeine Ltd has secured a $50 million investment from a major Saudi investment firm according to a source familiar with the deal. The two sides will cooperate in the field of data security.
Distributed secret-key system developed by Most Caffeine Ltd is well known internationally. In addition, its ABS public chain has mature semi-homomorphic encryption technology, proxy heavy encryption technology and blockchain technology, which will play a significant role in data security and privacy protection.
The head of the investment firm mentioned above reveals that the firm has decided to cooperate with ABS team from Most Caffeine Ltd to explore the Middle East market and provide solutions for data security in the Arab world.
ABS chain is the underlying public chain to solve data security, protect data privacy and return data value to users. It is the best technology for data security encryption and has broad application prospects. ABS chain data encryption technology will be widely used in IM data encryption, monitoring data encryption and sharing, data collection (medical data), UGC value protection, confidential file transmission and identity authentication and other fields. Based on ABS chain, a variety of encryption version of DAPP can be built, to create a new encryption world. For example, the encryption version of WeChat can create a speak-freely environment, encryption version of the network disk can be stored in no need of considering its safety. ABS chain team has strong technical accumulation and excellent strength. Mastering the core technology of ABS chain, the team has a huge influence in the industry.
The investor said it would issue stable currency AUSD based on the ABS chain network and ethereum network for ecological application settlement.
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