Omani ID tech Startup Nashid joins Switzerland’s Tech4Trust Accelerator to expand to Europe
Omani-based ID Tech and Blockchain startup, Nashid, announced it has been selected to participate in the prestigious Tech4Trust accelerator program based in the Trust Valley of Lausanne, Switzerland. Nashid’s acceptance into Tech4Trust’s latest season underscores their pioneering approach to harnessing blockchain technology for Identity and Verifiable Credentials. In 2020, co-founder Ahmed Al Marjeby found his online identity had been hacked – one among 2.5 million others whose identity had been stolen on the Internet. Al Marjeby found the fact that paper-based identity documents cannot be verified digitally. Motivated by this event and recognizing the urgent need for secure digital identity solutions, Ahmed, together with Mahmood Al Lawati, launched Nashid in 2022. solutions, Ahmed, together with Mahmood Al Lawati, launched Nashid in 2022. Renowned for propelling advancements in digital trust and cybersecurity, Tech4Trust will offer Nashid a golden opportunity to liaise with international experts, regulators, and government agencies. This collaboration will also open doors to the broader Swiss and European markets, presenting unmatched potential for growth. “Being part of Tech4Trust is a significant stride towards our global expansion ambitions,” shared Ahmed Al Marjeby, Co-founder and CEO of Nashid. “We are enthusiastic about collaborating with a global community, extracting invaluable insights, and honing our solutions to meet the demands of the rapidly evolving digital trust sphere.” The startup previously secured an investment from the Oman Technology Fund and won awards in the Entrepreneurship World Cup 2022 and the GISCO Startup Competition.