Overview
- Innovation City is now providing companies in the Ras Al Khaimah free zone with digital identities recorded on OPN Chain, a public blockchain.
- The new identities convert paper-style licenses into live on-chain assets that log ownership changes, compliance updates, and verification checks.
- OPN Chain, built by IOPn, is described as an EVM-compatible Layer 1 that can process over 10,000 transactions per second with sub-second finality.
- The rollout is positioned as a foundation for the UAE’s plan to shift half of federal services to agent-based AI within two years, which depends on reliable machine-verifiable records.
- Officials did not name banks or regulators that accept these credentials, so real-world use will hinge on external recognition and cross-border integrations that the system is designed to enable.