A Memorandum of Understanding (MoU) was signed between Trescon and LEAD Ventures on Thursday to deliver the 13^th global edition of World Blockchain Summit in the commercial capital of UAE. The Summit, which is an elite gathering of investors, government authorities, enterprises and blockchain startups, is held under the patronage of the Office of His Highness, Sheikh Sultan Bin Abdullah Bin Sultan Al Qasimi, and will kick-off on 22^nd October with a desert safari and pre-event party followed by conference sessions led by global thought leaders, exhibitions and startup pitch competitions on 23^rd & 24^th October at the Jumeirah Emirates Towers in Dubai.

The MoU stressed on both the organization’s shared vision of building a robust blockchain and crypto ecosystem in the UAE by connecting and combining the support of crypto and blockchain experts, governments, business incubators, startups, investors and key industry players.

"We want to globalize our reach by collaborating with the most unique and innovative companies from around the world. Through this global conference, we are looking to discover strategic partners, financially stable and established startups and industry experts who can collectively help build a robust crypto and blockchain ecosystem. Our vision is to contribute and give back to the economy through strategic partnerships", said Mohamed Al Banna, CEO & MD of Lead Ventures.

With LEAD Ventures having collaborated with partners from multiple industries and Trescon’s relationship with governments worldwide, the track record of both organizations made it a perfect pairing and timing to host the summit in Dubai.

At the MoU signing, Faris Al Tahtamooni, Associate Director – Strategic Partnerships at LEAD Ventures said, “The MoU signing between Trescon and LEAD Ventures is a crucial step that we wanted to take for a long time. The blockchain industry was something His Highness always wanted to capitalize on and expand his portfolio. This puts us at the forefront of looking for companies that can actually deliver the blockchain technology. The MoU will help Trescon and LEAD Ventures capitalize and penetrate the blockchain industry together.”

As an exclusive strategic partner for Trescon’s World Blockchain Summit, the partnership synergy will aim to catalyse the creation of rare investment opportunities through collaborations with selective companies at the summit. The Office of His Highness will attend the summit along with their delegation for a private networking session with top blockchain projects.

“The fundamental idea behind this strategic collaboration is to bridge connections between entrepreneurs and potential investors in the crypto and blockchain space. We believe that World Blockchain Summit will be the ideal platform for stakeholders to explore the undeniable and evident potential of blockchain and cryptocurrency, in empowering Dubai’s economy”, said Mohammed Saleem, CEO and Founder of Trescon.