23 Jan 2025
The MOU is non-binding but lays the groundwork for an ambitious collaboration over the next 24 months, with specific projects and roles to be formalized in future agreements.
DeVOTE, a trailblazer in blockchain-enabled solutions, is thrilled to announce the signing of a Memorandum of Understanding (MOU) with Vision Innovation, a powerhouse in Saudi Arabia's technology sector and a subsidiary of the EVC Group. This strategic partnership sets its sights on leveraging blockchain technology to tackle pressing challenges and elevate operational efficiencies across industries as diverse as aviation, supply chain, healthcare, and government in the Kingdom of Saudi Arabia.
A Shared Vision for Blockchain Transformation
At its core, this MOU reflects the shared determination of DeVOTE and Vision Innovation to promote blockchain as a cornerstone of innovation while ensuring trust, transparency, and adaptability in mission-critical sectors. Together, they will explore solutions that address pain points with precision and purpose.
Key Areas of Collaboration
Blockchain Assurance and StandardizationTrust is the foundation of blockchain adoption. To that end, the partnership will establish a standardized blockchain assessment process to evaluate and validate solutions deployed across industries. These independent technical evaluations will ensure solutions are as reliable as they are revolutionary.
Zero-Knowledge Technology DeploymentPrivacy and security are non-negotiable. DeVOTE and Vision Innovation will harness zero-knowledge proof technology to achieve the following:
Enable private and efficient supply chain operations
Manage patient data with confidentiality, including immunization records and peer review processes
In short, it’s a "see no evil, share no evil" approach—sharing only the data that’s necessary while keeping sensitive information secure.
ERP Integration with Web3Large enterprises, including military agencies, face a tough balancing act when modernizing legacy systems. This collaboration will smooth the transition from traditional Enterprise Resource Planning (ERP) systems to blockchain-enabled Web3 environments, leveraging DeVOTE’s existing partnership with Oracle’s STEM Practice Company. The goal? To decentralize operations and turn inefficiencies into opportunities.
Modernization of Government RecordsSay goodbye to paper trails and red tape. This initiative will focus on digitizing critical government documents—birth certificates, property titles, and more—by embedding blockchain technology. The result? Enhanced security, streamlined processes, and cost savings that make legacy systems look downright outdated.
The Partnership’s Shared Objectives
DeVOTE and Vision Innovation are committed to:
Enhancing security and transparency in key sectors
Promoting cost-effective blockchain solutions that outperform traditional systems
Increasing trust in blockchain technology through standardization and assurance processes
Driving blockchain adoption in education, government, and private sectors
A Strategic Step Toward the Future
"This partnership with Vision Innovation represents a bold leap forward in our mission to democratize access to blockchain’s transformative potential," said Eugene Morozov, CEO of DeVOTE. "By combining forces, we’re not just developing cutting-edge solutions—we’re raising the bar for what trust, security, and transparency should look like in the digital age."
The MOU is non-binding but lays the groundwork for an ambitious collaboration over the next 24 months, with specific projects and roles to be formalized in future agreements.
About Vision Innovation
Vision Innovation, a subsidiary of EVC Group (evc.sa), is a Saudi Arabian leader in technology solutions, committed to driving innovation in aviation, supply chain, healthcare, and government sectors. By blending cutting-edge technology with a deep understanding of local and global challenges, Vision Innovation delivers solutions that redefine possibilities.
About DeVOTE DAO LLC
DeVOTE DAO LLC is a blockchain technology leader focused on creating secure, transparent, and accessible solutions for remote voting, supply chain, and government processes. With expertise in Web3 and zero-knowledge proof technology, DeVOTE is at the forefront of blockchain innovation, delivering next-generation solutions for today’s toughest challenges.