Vodafone and Block Gemini collaborate on a blockchain solution to enhance digital procurement

Over the coming year, further enhancements will be developed before the solution is rolled out across Vodafone's markets

  
Vodafone and Block Gemini collaborate on a blockchain solution to enhance digital procurement

Dubai, UAE: Dubai-based startup Block Gemini is collaborating with the Vodafone Procurement Company (VPC) to deliver a blockchain solution that supports Vodafone’s digital procurement transformation journey. The solution replaces traditional manual procurement processes, with a single source of accurate real-time pricing information, and can generate valuable data insights into pricing trends and market comparisons across Vodafone’s substantial commitment. Over the coming year, further enhancements will be developed before the solution is rolled out across Vodafone’s markets.

Tolga Tomruk, Chief Operational Officer at Vodafone Procurement Company said, “This solution is a key milestone in our supply chain digitalisation journey. By introducing hyper automation capabilities enabled by Blockchain technology, we will transform the way we collaborate and agree commercial terms with our suppliers. This safe and secure platform will help us to generate efficiencies in our commercial and operational teams across 19 Vodafone countries.”

Block Gemini is the latest entrant to join Vodafone-backed innovation center, “Tomorrow Street”, as a blockchain solutions provider. The partnership has been cemented on the successful collaboration between Block Gemini and the Vodafone Procurement Company (VPC) to deploy the digital procurement solution. Tomorrow Street is a joint venture between the Vodafone Procurement Company and Technoport (a Luxembourg government incubator). The award-winning innovation centre is recognised as a pioneering model enabling Vodafone to deliver innovation quickly and effectively for its customers and partners, whilst contributing to the expanding tech sector and startup ecosystem in Luxembourg.

“Block Gemini is now a proud member of Tomorrow Street and Vodafone. We look forward to bringing industry-focused and enterprise-centric Blockchain innovations to Europe in partnership with Tomorrow Street” said Chris Fernandez, Chief Executive Officer at Block Gemini.

Block Gemini currently functions from its Dubai (UAE) and Bangalore (India) offices, and will set up their European headquarters before the end of the year at the Tomorrow Street premises in Kirchberg enabling fast access to Vodafone and Luxembourg’s digital ecosystem.

Kenneth Graham, Chief Executive Officer at Tomorrow Street said, “Excited to work together with the Block Gemini team to help them accelerate their international growth and introduce their innovative blockchain solution to our global partners and their customers.” 

Founded in 2017 and headquartered in Dubai, Block Gemini focuses on enterprise-grade blockchain solutions in supply chains, finance, real estate, healthcare, education, e-commerce, and digital identity, among other domains. The recent move by Vodafone and Tomorrow Street to partner with Block Gemini validates the efforts made by the UAE government to provide opportunities for startups specialized in blockchain to build innovative solutions and export them to the world.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases