The Saudi ATQEN Group, which supports composition and structuring for Korean companies to participate in the Neom City project, one of Saudi Arabia\u2019s mega projects, hired a total of 10 Korean companies during the visit of Crown Prince Mohammed bin Salman to Korea on November 17, 2022. designated as a consortium partner.<\/p>\n\n\n\n
Among the fields that will participate in Neom City, such as construction, IT, and energy, NEOM City will be built using advanced technologies of Korean companies. Among them, Korea\u2019s next-generation blockchain technology company Meta.N, \u201cMeta.N stands out in the IT blockchain field.\u201d And Meta.N newly established the Meta.N consortium with Sewon E&C(KOSPI:091090, listed company) to focus on this project, led by CEO Meen Eom, after intensive technology development for about 4 years. As a matter of fact, Meta.N and Sewon E&C had already built a strategic partnership of the blockchain & NFT technology field since 2021.<\/p>\n\n\n\n
Meta.N consortium plans to use the next-generation blockchain technology of the Meta.N to create a digital currency to be applied to Saudi Arabia\u2019s smart city, and to create a payment coin exclusively for Neom City based on crude oil-based \u2018stable coin\u2019. The \u201cMeta.N\u201d consortium\u2019s payment coin project also includes plans to build a crude oil-based \u2018stable coin\u2019 that can be used daily in the Kingdom of Saudi Arabia and the UAE.<\/p>\n\n\n\n
Establish a future strategy for how the solution of the Meta.N consortium, which is specialized in the digital asset market, will be combined with the Neom City project and the Meta.N consortium\u2019s crude oil-based \u2018stable coin\u2019, and through future discussions, the Meta.N consortium plans to use the blockchain technology in Neom City.<\/p>\n\n\n\n
ATQEN said that Saudi Arabia\u2019s Neom City is promoting digital convergence, and they are expecting a lot from Meta.N\u2019s role. Along with this, in relation to the UAE business project, Meta.N CEO Meen Eom said, \u201cWe will construct a system that can pay for resource transactions using Meta.N\u2019s crude oil-based \u2018stable coin\u2019.\u201d and \u201cIn Gulf Cooperation Council(GCC) countries including the UAE, crude oil-based \u2018stable coins\u2019 can be paid and traded using Meta.N\u2019s payment coin.<\/p>\n\n\n\n
The world\u2019s dependence on our crude oil-based stable coins will increase dramatically. Now, with our strategy of creating a \u2018stable coin\u2019 and blending DAG guarantee\/insurance solutions, crude oil will go beyond its real-world use and dominate the world of digital assets.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Saudi ATQEN Group, which supports composition and structuring for Korean companies to participate in the Neom City project, one of Saudi Arabia\u2019s mega projects, hired a total of 10 Korean companies during the visit of Crown Prince Mohammed bin Salman to Korea on November 17, 2022. designated as a consortium partner. Among the fields […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-15935","post","type-post","status-publish","format-standard","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/15935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=15935"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/15935\/revisions"}],"predecessor-version":[{"id":15937,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/15935\/revisions\/15937"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=15935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=15935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=15935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}