RAK DAO (Ras Al Khaimah Digital Assets Oasis) is a government-supported free zone in the United Arab Emirates, launched in 2023. It is the world's first and only free zone exclusively dedicated to digital and virtual asset companies. The initiative is designed to create a vibrant ecosystem for Web3, blockchain, AI, and other emerging technologies, positioning Ras Al Khaimah as a global hub for innovation.
RAK DAO provides a comprehensive suite of services and infrastructure to support the growth of digital asset companies. This includes a robust and transparent legal framework, a variety of licensing options (including for freelancers and digital nomads), and access to a network of partners, VCs, and academic institutions. The free zone offers a range of facilities, from co-working spaces to dedicated offices, and provides professional services to assist with everything from company setup to ongoing operations.
The Hedera Foundation, which fuels the growth of the Hedera ecosystem, is a key partner of RAK DAO. This strategic alliance provides RAK DAO members with direct access to the Hedera network, including grant programs and technical support.
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Earth 1.1 is a financial technology platform that connects capital with carbon-neutral energy projects, aiming to accelerate the adoption of renewable energy and foster a sustainable, circular economy. The company's vision is to create a self-sustaining renewable energy industry that not only addresses environmental challenges but also generates high-tech job opportunities.
The core of Earth 1.1's offering is a scalable and secure digital platform that serves multiple functions. Primarily, it acts as a financing channel, allowing both institutional and individual investors to discover and fund a range of renewable energy and carbon mitigation ventures. For project developers, the platform features a project submission portal where they can register their initiatives to seek collaborative opportunities and expedite development. Beyond financing, Earth 1.1 is also building a community dedicated to environmental sustainability, creating an ecosystem for like-minded individuals and organizations to connect and drive the transition to a greener planet.
Power Transition is a UK-based clean technology company founded in 2018. Its focus is on accelerating the global shift to a zero-carbon economy by providing a smart software platform that optimizes and decentralizes energy systems.
The core of Power Transition's service is its Digital Energy Platform, a revolutionary energy resource management system that uses distributed ledger technology (DLT) to enable the tokenization of energy. This platform provides a common language for energy transactions and trading, allowing millions of devices, from electric vehicles to smart home appliances, to become active participants in the energy system. Key services include Smart MicroGrid Services, which enable peer-to-peer energy trading within a community, and Electric Vehicle Integration Services, which provide a single point of billing and data validation for EV fleet operators.
Power Transition's entire platform is built on the Hedera network. It leverages the Hedera Token Service (HTS) and the Hedera Consensus Service (HCS), Power Transition to tokenize and energy use, providing a transparent and auditable record of all transactions.
The Coupon Bureau is a non-profit, industry-managed organization established to modernize the coupon industry by creating a centralized data exchange for all stakeholders. The organization's primary mission is to combat coupon fraud, an issue estimated to cost the industry hundreds of millions of dollars annually, while also improving efficiency and the consumer experience.
At the heart of The Coupon Bureau's work is the development and implementation of the new Universal Coupon standard, also known as AI (8112). This new standard replaces the outdated barcode system with a more secure, serialized format for both digital and paper coupons. This allows for real-time validation of every coupon at the point of sale, effectively eliminating counterfeiting and ensuring that each coupon is used only once, as intended by the manufacturer. The platform, known as the Universal Positive Offer File, serves as this central repository for all coupon data, connecting manufacturers, retailers, and consumers in a seamless ecosystem.
The Coupon Bureau utilizes the Hedera Consensus Service (HCS) to create a tamper-proof, auditable log of every coupon's lifecycle. Each time a coupon is created, distributed, or redeemed, a transaction is recorded on the Hedera public ledger.
The Liechtenstein Protocol is a decentralized compliance protocol developed by LCX, a regulated fintech company based in Liechtenstein. It’s designed to standardize the way security tokens and other tokenized assets are issued and traded on blockchains, with a strong focus on regulatory compliance.
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