India’s blockchain advocacy group, the India Blockchain Alliance, has made a landmark announcement of a strategic partnership with Ras Al Khaimah Digital Assets Oasis, the world’s only common law free zone for digital asset enterprises. 

The collaboration is set to build a unified global blockchain ecosystem to abet innovation and talent exchange between India and the UAE. It will also provide Indian blockchain companies with easy entry into the UAE market through RAK DAO’s ecosystem of over 400 companies, in addition to its legal and regulatory framework. 

On the other hand, IBA’s extensive network and domain knowledge of the blockchain landscape in India has over 115 million crypto users, and a booming startup ecosystem will be available for UAE-based companies. 

IBA’s founder, Mr. Raj Kapoor, says the company is trying to bridge the environmental, social, and governance deficit on blockchain, encouraging sustainable practices and responsible innovation. Their emphasis on transparency and decentralized governance harmonizes developments in the blockchain industry with ESG requirements, providing ethical and sustainable growth. In a direct message to crypto.news, Kapoor said:

“We are observing how such frameworks are leveraged, their impact, and how these best practices could be adopted at a national level. This partnership aims to foster meaningful policy transformation back home.”

Kapoor emphasized the need to optimize existing structures, consume less energy for blockchain work, and make sure technological advances are in line with sustainability goals. He noted that innovative technologies like blockchain contribute toward transparency and ethically sourced products in industries like agriculture, fashion, and electronics. This allows strict adherence to ESG regulations to be tracked in real time with blockchain-based certificates.

The free zones in Dubai are an economic hub that provides tax incentives, 100% ownership of foreign investors, and relaxed contingent regulation, which are blazing trails for international investors.

By providing a conducive environment for entrepreneurs, the zones have contributed to the diversification of the economy, with 40+ free zones operating in the region. 

The Web3 ecosystem has a very strong regulatory framework in RAK DAO, unlike India where regulatory ambiguity has stifled progress in blockchain technology’s growth. 

It thus reduces operational hurdles, enabling innovators to focus on solutions rather than compliance, says Kapoor. Kapoor also hopes this partnership can provide Indian Web3 startups to access funding from international investors.

The ambient for the free zones with common law frameworks like RAK DAO are a cornerstone for blockchain. Common law creates legal certainty, investor protection, and familiar dispute resolution mechanisms with global reach, which are foundational to every decentralized technology.

The stability of regulatory principles also attracts blockchain companies that need predictable, clear regulations to expand innovations and build trust across the global markets.