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Innovation City launches on-chain business identities

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Innovation City has introduced a blockchain-based digital business identity system for all companies registered in its Ras Al Khaimah free zone, describing it as the first system of its kind for business registration.

Under the new arrangement, each registered company receives what Innovation City calls a sovereign digital identity on OPN Chain, a blockchain developed by IOPn. The system is intended to replace PDF business licences and conventional database records with a verifiable on-chain record.

The move comes as the UAE pushes to shift half of federal government sectors, services and operations to agentic AI within two years. That effort is focused on areas including licences, permits, compliance checks, taxation and cross-border interactions.

The new identity framework is designed to let businesses prove their status through a cryptographically verifiable digital record. According to Innovation City, banks, regulators, investors and AI systems would be able to verify authenticity in seconds rather than days or weeks.

The free zone also argues that the model could reduce document fraud and make it harder to obscure beneficial ownership or create shell companies. Every ownership change, compliance update and verification would be recorded on-chain and available for audit.

The initiative connects Ras Al Khaimah’s business registration environment with broader efforts in the UAE to digitise government processes. It also reflects growing interest across the Gulf in using blockchain-based records for trade, identity and financial infrastructure.

Paul Dawalibi, Chief Executive Officer of Innovation City, framed the launch as a break from established business registration practices.

“Today we don’t just register companies, we give them a soul on the blockchain,” said Paul Dawalibi, Chief Executive Officer, Innovation City. “For decades business identity has been trapped in paper, PDFs, and fragile databases – slow, opaque, and built for a world that no longer exists. We are ending that era. Every enterprise in Innovation City now carries a living, verifiable digital identity that travels with it across borders, platforms, and straight into the age of intelligent agents. Ras Al Khaimah isn’t following the future. We are writing it. One more thing: the companies that claim their place on this chain today will lead the global economy tomorrow. Everyone else will be explaining why they’re still using yesterday’s tools.”

How it works

The digital identity is issued when a company registers and exists as an immutable digital asset on the blockchain. In practical terms, that means the business record is no longer limited to a document issued by a free zone authority or a database entry held by a single institution.

IOPn, which provides the underlying blockchain layer, says the system is intended to support use across jurisdictions, institutions and sectors. It describes OPN Chain as an EVM-compatible Layer 1 blockchain with throughput of more than 10,000 transactions per second and sub-second finality.

Mojtaba Asadian, Chief Executive Officer of IOPn, said the system was intended as a base layer for a broader digital identity framework.

“IOPn is the sovereign infrastructure layer enabling the UAE’s agentic AI economy, starting with business identity and built to scale across jurisdictions, institutions, and sectors. Cryptographically secure. Evolving. Interoperable. Compliant. When Innovation City chose OPN Chain to power the world’s first on-chain business identities, they didn’t just pick a technology – they chose the infrastructure of digital sovereignty. Together, we are proving that the future of enterprise is not centralized databases or fragmented systems. It is sovereign, verifiable, and alive on-chain,” said Asadian.

Wider context

Ras Al Khaimah has sought to position itself as a business and technology hub within the UAE, alongside larger commercial centres such as Dubai and Abu Dhabi. Innovation City is one of the emirate’s specialist free zones, focused on sectors including artificial intelligence, Web3, gaming, robotics and health technology.

The UAE has also made digital government and artificial intelligence central to its economic strategy. A business identity system that software agents can verify instantly would fit that direction, particularly if government services are increasingly handled by automated systems rather than manual checks.

Questions remain over how widely such a system will be recognised outside the free zone and how financial institutions, regulators and counterparties in other jurisdictions will integrate with it. Interoperability with existing licensing systems, company registries and compliance frameworks will be central if on-chain business identities are to move beyond a local pilot or specialist environment.

Even so, the launch marks a notable attempt to apply blockchain infrastructure to a core administrative process rather than a financial product or digital asset market. In that sense, the development is less about cryptocurrency than about changing how a company proves its legal existence and operating status.

Innovation City says every company registered in the free zone now receives the digital identity as part of its incorporation record, replacing the need for a static PDF business licence.



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Oxford newsagent lands hat-trick at 2026 Fed Awards

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Honey’s of The High, based in Oxford city centre, received the honours at the 2026 Fed Awards, organised by the Federation of Independent Retailers.

The store is owned by Hiten and Kinnari Patel, who took home titles for Home News Delivery (HND) Retailer of the Year, Newsagent of the Year, and Smokeless Alternatives Retailer of the Year.

Kinnari Patel said: “It is so good to be recognised.

“These are three key categories for us in our store, and we are immensely proud to have won three awards.”

The pair were praised for their dedicated service and strong customer relationships, particularly in home news delivery.

Judges described their business as a ‘thriving independent newsagent’ that continues to stand out on the modern high street.

Mr and Mrs Patel were also commended for their support of vulnerable customers.

The awards ceremony was held in Birmingham on June 17 and hosted by TV presenter and magician Ben Hanlin.

Judges highlighted the couple’s carefully curated approach to the smokeless alternatives category.

By focusing on customer needs rather than offering an overwhelming range, Honey’s succeeded in more than doubling its display space while keeping the selection targeted and easy to navigate.

Honey’s of The High’s third win marked its third success in three years across different categories.

The Patels said their achievements are rooted in serving their community.

They have run the business for 13 years and remain committed to customer care and continuous improvement.





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UK VPN searches jump after under-16 social media plan

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FindCheapVPNs has published research showing a sharp rise in UK searches for VPNs after the government confirmed plans to restrict social media access for under-16s. It said the latest weekly search-interest index was the highest since early August 2025.

The analysis examined 53 weeks of UK Google Trends data and 270 monthly observations from January 2004 to June 2026. In the latest weekly reading, the VPN search-interest index reached 34, up from an average of 12.5 over the previous four weeks, which the group calculated as a 172% increase.

The rise began after the government confirmed its under-16 social media policy. The first regulations are expected before the end of 2026, with implementation planned for spring 2027.

Google Trends uses a relative index rather than raw search volumes. A score of 100 marks the point of highest popularity within the selected dataset, so a reading of 34 reflects relative demand rather than the number of searches.

Martin Needs, Cybersecurity expert, director of NeedSec and lead technical assessor at FindCheapVPNs, said the latest increase appeared to reflect concern before any direct change to access rules had taken effect.

“The current increase appears to be an early response to a confirmed future policy,” Needs said.

“People are researching VPNs before the detailed regulations and enforcement systems have been completed. That suggests major online-access announcements can now trigger immediate questions about privacy, age checks and the future use of VPN technology.”

Earlier peak

The research found that the strongest jump in the past year followed the introduction of stronger age checks in July 2025, rather than the latest policy announcement. During the five weeks before that change, the average Google Trends index was 9. In the following five weeks, from 20 July to 17 August, it averaged 47.4, which FindCheapVPNs calculated as an increase of about 427%.

The weekly index reached 100 in the week beginning 27 July 2025. From 25 July, online services allowing pornography and some other harmful content were required to introduce age-assurance measures aimed at protecting children.

The report drew a distinction between legislative milestones and practical changes that affect users directly. It said the Online Safety Act’s Royal Assent in October 2023 did not trigger a comparable immediate spike in VPN search interest.

Needs said the July 2025 increase remained the clearest signal in the annual data.

“The July 2025 peak remains the clearest event in the annual data,” he said.

“The search response was far larger when age checks began affecting users directly than when legislation was passed or consultations were announced. Immediate changes appear to create the strongest demand for technical alternatives.”

Long-term trend

Over a longer period, the monthly data pointed to a steady rise in UK interest in VPNs. Average relative interest was 1.3 between 2004 and 2013, 10.2 between 2014 and 2019, 20.9 between 2020 and 2024, and 46 between January 2025 and June 2026.

The data also highlighted several moments when interest appeared to shift. In November 2016, the monthly index rose from 7 to 13 during public debate over the Investigatory Powers Act. Interest also stayed elevated during 2020 as remote working expanded and more people needed secure access to work systems from home.

Related queries

FindCheapVPNs also examined the fastest-rising UK searches linked to VPNs over the past month. Google Trends labelled all 10 of the leading related searches as “Breakout”, indicating relative growth of more than 5,000% against the previous comparable period.

Those searches included “are vpns illegal”, “are vpns legal”, “uk to ban vpns”, “will uk ban vpns”, “vpn free trial”, “free vpns for iphone” and “cheapest vpns”. According to the analysis, seven of the 10 queries concerned government policy, legality or possible restrictions, while three related to free trials, free mobile VPNs or cheaper services.

The report said the search data could not identify users’ ages or motives, or show whether any search led to an installation. It also said the figures should not be treated as proof that children were behind the increase or that users intended to bypass proposed rules.

Needs cautioned against assuming that interest in VPNs meant unlawful activity.

“VPN searches should not automatically be treated as evidence of wrongdoing,” he said.

“VPNs are used by businesses, remote workers, travellers, journalists and ordinary consumers for legitimate security and privacy purposes.”

He also pointed to a separate concern in the recent data.

“The more concerning signal is the growth in searches for free applications. When demand rises suddenly, inexperienced users may install unfamiliar software without checking its ownership, permissions, logging practices or business model.”



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AVK named among UK’s Best Managed Companies for 2026

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AVK has been named among the UK’s Best Managed Companies for 2026 in an award run by Deloitte Private.

The recognition places AVK among private businesses assessed on strategy, culture and commitment, capabilities and innovation, and governance and financial performance. It comes during a period of expansion for the company, which supplies power systems for data centres and other organisations in the UK and Europe.

The UK Best Managed Companies programme is in its second year in Britain and is already established in more than 45 territories. It focuses on privately owned businesses, assessing their overall management performance and contribution to industry and the wider economy.

Recent milestones include the launch of what AVK described as Europe’s first microgrid for a data centre and the introduction of its PowerPods units, which combine critical electrical infrastructure in a transportable format. The company has also been expanding its operations and engineering base across the UK and Europe.

The award comes as data centre operators face rising pressure to secure electricity supply for new facilities, particularly as artificial intelligence workloads increase demand for computing power. That has created opportunities for companies involved in backup power, grid connections and on-site energy systems.

Ben Pritchard, Chief Executive Officer of AVK, linked the award to the company’s workforce and growth strategy.

“We are thrilled to be recognised as one of the UK’s best managed private companies. This award belongs to every member of the AVK team. Their expertise, dedication and engineering excellence have driven our growth and made us the partner of choice for the operators building the UK and Europe’s digital infrastructure,” Pritchard said.

He added that the judging process had compared the business with leading private companies in other markets.

“To have our strategy, our culture and our capabilities benchmarked against some of the best private companies in the world, and acknowledged by Deloitte Private and the Best Managed Companies judges in this way, is a proud moment for the business. It reflects the disciplined way we have scaled while keeping our people and our customers at the centre of everything we do,” he said.

Awards Criteria

Independent judges reviewed applicants against four pillars: strategy, culture and commitment, capabilities and innovation, and governance and financial performance. The scheme is designed to recognise management quality rather than a single product launch or financial result.

Deloitte Private said the programme highlights the role private companies play in investment, employment and economic growth. It also provides a framework for management teams to measure themselves against peers.

Claire Evans, Deloitte Private Partner and UK Best Managed Companies Leader, outlined the rationale behind the awards.

“The Best Managed Companies programme celebrates the passion, resilience and focus on sustainable growth that are hallmarks of the UK’s leading private businesses. These businesses are purpose-driven, disciplined and industry-leading. They are confidently navigating the future and setting an inspiring standard for success among private businesses in the UK,” Evans said.

Market Demand

AVK operates in a market shaped by the rapid build-out of digital infrastructure. Developers of large data centres have been looking for ways to bring capacity online faster while dealing with grid constraints, planning complexity and resilience requirements.

That has increased interest in modular and pre-engineered electrical systems that can be delivered with less on-site construction. It has also pushed energy suppliers and engineering groups to offer more integrated approaches to generation, storage and distribution.

Across the UK and Europe, governments and businesses are also weighing the energy implications of digital growth. New server capacity for cloud computing and AI has raised concerns about power availability, costs and the pace at which electricity networks can support major projects.

In that environment, companies serving the sector are under pressure to show they can manage growth while maintaining delivery standards and financial discipline. The Best Managed Companies recognition points to those broader management questions as much as to market momentum.

The programme was established in Canada in 1993 and now operates across the Americas, Europe and Asia Pacific. In the UK, it aims to identify private businesses that combine organisational performance with sustained development across several parts of the business.

For AVK, the recognition adds to a period in which power infrastructure for data centres has moved closer to the centre of the technology investment story in Britain and continental Europe.



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