India Blockchain Alliance Partners with RAK DAO to Propel India’s Web3 Innovation

The India Blockchain Alliance (IBA), a leading advocacy group for blockchain in India, has announced a strategic partnership with Ras Al Khaimah Digital Assets Oasis (RAK DAO). As the world's first and only common law free zone dedicated to digital asset enterprises, RAK DAO aims to foster a global blockchain ecosystem that drives innovation and facilitates talent exchange between India and the UAE.

This partnership offers Indian blockchain companies streamlined access to the UAE market through RAK DAO’s established ecosystem, comprising over 400 companies. Additionally, RAK DAO’s robust legal and regulatory framework provides a stable foundation for businesses to thrive. Meanwhile, UAE-based companies will benefit from IBA’s deep expertise in the Indian blockchain landscape, which boasts over 115 million crypto users and a flourishing startup ecosystem.

Focus on Sustainability and ESG Alignment

Raj Kapoor, founder of IBA, emphasized the alliance's commitment to bridging environmental, social, and governance (ESG) gaps in blockchain technology. Kapoor highlighted the importance of sustainable practices, transparency, and decentralized governance in advancing the blockchain sector.

In a statement to crypto.news, Kapoor underscored the need to optimize blockchain processes to reduce energy consumption while aligning technological innovation with sustainability goals. Blockchain’s ability to enhance transparency and ensure ethically sourced products in industries such as agriculture, fashion, and electronics was noted as a significant ESG advantage. Real-time compliance with ESG standards is made possible through blockchain-based certification systems, Kapoor added.

Dubai’s Free Zones: A Catalyst for Blockchain Growth

Dubai’s free zones, including RAK DAO, are recognized globally as economic hubs that attract international investors with incentives like tax benefits, 100% foreign ownership, and relaxed regulations. With over 40 free zones operating in the UAE, these areas have significantly contributed to economic diversification and innovation.

RAK DAO’s common law framework provides legal certainty, robust investor protection, and globally recognized dispute resolution mechanisms. These attributes make it a cornerstone for blockchain enterprises seeking a stable regulatory environment to scale their innovations and build global trust.

In contrast, India’s blockchain sector continues to grapple with regulatory ambiguity, which has hindered the growth of Web3 technologies. Kapoor believes this partnership will not only reduce operational challenges for Indian startups but also open doors to funding opportunities from international investors.

Bridging Borders for Blockchain Innovation

The alliance between IBA and RAK DAO represents a significant step toward creating a unified global blockchain ecosystem. By combining IBA’s domain expertise with RAK DAO’s conducive environment for blockchain enterprises, the partnership aims to unlock new opportunities for startups in both countries.

As blockchain technology continues to transform industries and address global challenges, collaborations like this signal a brighter, more interconnected future for Web3 innovation.