Bitcoin might have been the media darling back during the cryptocurrency heydays, but it was the underlying technology that powered it that really caught the imagination of tech experts. Fast forward a decade, and up-and-coming entrepreneurs continue to harness its potential with innovative applications.
BlocRecs, a concoction by Hanady Al Ahmadieh and Amir Abdel Bakie, uses blockchain to enable universities to issue degrees in a secure, tamper-proof, and easily shareable format. On the other side of the equation, the service also allows potential employers to instantly verify the authenticity of the academic record.
BlocRecs joined the Touch Innovation Program in its 3rd cycle. We recently sat down with Al Ahmadieh and Abdel Bakie to give us thoughts and impressions on the program. Here’s what they had to say.
- Why did you choose to apply to TIP? What were your expectations from the program at the time?
We applied to the Touch Innovation Program with the aim of being able to reach students and universities across the country, namely through its Touch Student Plan. We also thought that the program would be ideal for accessing informative workshops as well as being able to leverage Touch’s network to our benefit.
- How did TIP help your business? What did you benefit from the program?
Having Touch as a partner definitely added credibility to our brand. Our offering targets Human Resources departments and personnel. With TIP, we were able to connect and work with Touch’s HR and further validate our work.
- Why do you think it is important for corporates and startups to work together?
Startups build solutions that can add a lot of value for corporates. Thus, it is important for both startups and corporates to work together. Doing so means that solutions can be fine-tuned in a way that maximizes their effectiveness and efficiency.
- Having participated in the program, what would you advise the startups of the upcoming cycle?
To have a clear idea of what they want from Touch right from the beginning, to remain focused and working continuously towards achieving that goal. I would add that attending all workshops is very important as well because they’ll prove to be very helpful.
- How would you describe your startup’s relationship with touch now?
We see Touch as a strong partner that believes in what we would do and ready to support us to achieve our vision. At the same time, we feel that we owe Touch for their help and are ready to lend any support to the organization in the future.
- What is the status of your startup now? What are your future plans?
Right now we are undergoing the final preparations for the official launch of our platform in Lebanon and Saudi Arabia. Meanwhile, we plan to get more clients in the region, with our sights set on Kuwait and Oman as our next targets.