In what’s being referred to as Bahrain’s first blockchain verifiable contract, Bahrain FinTech Bay has entered a new partnership with Belgium-based blockchain firm SettleMint. The deal is expected to help businesses and government institutions across the Kingdom tap into the rich offerings of blockchain technology and its offshoots.

SettleMint specializes in helping businesses and organizations from all verticals and niches warm up to blockchain technology for operational and financial gains. The company’s customized solutions empower organizations to improve efficiency and “extend their current products or to completely reinvent an existing business model by offering them the distributed middleware Mint,” SettleMint said in an email to StartupBahrain.

It added: “Mint enables any software developer to build Blockchain applications. It encapsulates considerable R&D on the technical, operational & organizational aspects of Blockchain technology & packages this in easy to use functionality clusters that take away the complexity of Blockchain.”

The Bahrain FinTech Bay Venture Acceleration Platform, meanwhile, is dedicated to helping Bahrain’s thriving FinTech ecosystem to expedite its growth. The platform facilitates a launch pad for promising innovation-driven startups to maximize their growth potential in Bahrain and the Middle East.

Participants in the program are entitled to exciting perks on multiple fronts including, but not limited to access to Regional Sales Opportunities, networking events, technical infrastructure, legal and administrative assistance, FinTech resources, and office space.