Innovation City, an AI-powered free zone in Ras Al Khaimah, has launched a blockchain-based digital business identity system to replace traditional and static business licenses with “living,” cryptographically verifiable assets on the OPN chain.
Key Takeaways:
Innovation City launched an onchain identity system on May 4 to replace static PDF business licenses. IOPn’s OPN chain supports 10,000+ TPS to provide the machine-readable data required for Agentic AI. Within 2 years, 50% of the UAE federal sectors will use these digital assets to automate government services. A Shift From Static Paper to Living AssetsInnovation City, the United Arab Emirates (UAE)’s artificial intelligence (AI)-focused free zone, announced on May 4 the launch of a blockchain-based digital business identity system. The new system, which effectively replaces traditional paper and PDF licenses with cryptographically verifiable digital assets, is powered by the OPN chain and provides each registered company with a “living” digital identity.
Dawalibi noted that the move is intended to eliminate the “verification uncertainty” that often slows down cross-border trade and institutional interactions.
Mojtaba Asadian, CEO of IOPN, described the OPN chain as the “sovereign infrastructure layer” for the UAE’s emerging AI economy.
“The future of enterprise is not centralized databases or fragmented systems,” Asadian said. “It is sovereign, verifiable, and alive on-chain.”
The free zone listed several immediate benefits for registered enterprises, including curbing document forgery and the formation of opaque shell companies. It also enables banks and regulators to verify a company’s standing in seconds rather than weeks. The digital identities are also designed to travel across different platforms and international borders.
