Shiba Inu team announces a partnership with the UAE Ministry of Energy

The parties will work on modernizing public administration using Web3 and blockchain technologies

05.02.2025 - 09:30

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What’s new? Shiba Inu’s (SHIB) $9,6 billion capitalization meme token team has announced a partnership with the UAE Ministry of Energy and Infrastructure to modernize public administration using Web3- and blockchain-based technologies. According to a press release, this is the first time in the world that a government has implemented blockchain at the federal level.

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What else is known? Sharif Al Olama, the Undersecretary for Energy and Petroleum Affairs, noted that Shiba Inu’s decentralized solutions will be used in energy and infrastructure management.

“This partnership represents a pivotal moment in our journey toward redefining government services. By embracing emerging technologies, we aim to set a global benchmark for innovation, delivering transformative solutions that benefit both our citizens and the wider community,” the official noted.

The developers note that Shiba Inu is now more than just a meme token, the ecosystem also includes the fully decentralized ShibOS operating system for building scalable, privacy-preserving, and high-performance applications on a multi-chain stack optimized for different use cases.

It is used for AI-driven control and automation, creating decentralized financial protocols (DeFi) and real-world asset (RWA) tokenization, secure data exchange based on fully homomorphic encryption (FHE) technology, and sustainable energy and green infrastructure, among others.

UAE’s leading bank to start issuing blockchain loans secured by tokenized assets

The issue of digital tokens for ownership rights will be carried out by the Libre Capital platform

SHIB ranks 19th in the overall rating of cryptocurrencies and is trading at $0,00001631, an increase of 7,5% per day. At the same time, the asset has lost 24% since the beginning of the year.

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