SBS becomes the main distributor of Modex’s blockchain-based solutions in MENA and Africa

SBS becomes the main distributor of Modex’s blockchain-based solutions in MENA and Africa

DUBAI, UAE /PRNewswire/ -- Superior Business Solutions Inc., an innovative IT solutions provider from Florida, USA, with operations in the UAE, Kuwait, Qatar, and Egypt, has become the main distributor of Modex's blockchain-based products and services in the MENA region and Africa.

SBS's new partnership with Modex, a leading blockchain solutions provider, enables both parties to provide cutting-edge services that will transform the way data and digital assets are stored, shared, and managed, providing greater transparency and data integrity.

Through its partnership with Modex, SBS intends to provide the most innovative solutions and products with relevant blockchain-powered functionalities in multiple industries, including healthcare, businesses, and finance. This will allow the two companies to seamlessly integrate blockchain solutions with customers' existing data systems to achieve higher operational efficiency, security, and transparency.

"The blockchain market in the Middle East and Africa is expected to grow from US$ 199 million in 2021 to US$ 7.6 billion by 2028; it is estimated to register a CAGR of 68.3% from 2021 to 2028," SBS CEO Adel Youssef noted. "The government needs very fast-paced growth in sectors like healthcare, banking, telecommunication, logistics, and many others, and using blockchain-based solutions can help accelerate development across these sectors."

Mihai Ivascu, CEO and