stc Bahrain Joins Conflux as a Validator

As part of this initiative, stc Bahrain will operate as a validator on the Conflux Network, enhancing the blockchain’s security, scalability, and efficiency. By leveraging Conflux Network’s advanced blockchain solutions, stc Bahrain aims to unlock new opportunities for businesses and support the growth of decentralized economies across the region.

Saad Odeh, Chief Wholesale Officer at stc Bahrain commented, “This partnership with Conflux Network represents a significant advancement in blockchain innovation for the region. It reflects our commitment to empowering businesses and communities with transformative technologies that drive growth and establish Bahrain’s position as a leader in Web3 development.”

Christian Oertel, Global Expansion Lead at Conflux Network, commented: “We are thrilled to partner with stc Bahrain as a Pearling Path Partner under the Web3 Launchpad Program. Bahrain’s strategic location as a gateway between the Middle East and Asia creates a unique opportunity to drive blockchain innovation and connect decentralized economies across these regions. Together with stc Bahrain, we aim to build a secure and scalable foundation for decentralized applications.”

Conflux Network utilizes a unique hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism, providing a high-performance blockchain environment with near-zero congestion and low transaction fees. Its innovative Tree-Graph structure supports parallel transaction processing, boosting throughput while maintaining security. As the only regulatory-compliant public blockchain in China, Conflux bridges Asia and global markets, creating new opportunities for blockchain adoption.

About stc Bahrain

stc Bahrain, a subsidiary of stc Group, is the fastest-growing, most innovative digital enabler in Bahrain. Since entering Bahrain’s telecommunications market in 2010, stc Bahrain has revolutionized the telecommunications industry in the Kingdom of Bahrain and emerged as a market leader. This position has been maintained through consistent investment in next-generation technologies and innovative products and services, including advancements in cybersecurity, cloud computing, and mobile payments, and wholesale connectivity solutions. Our achievements include being the first in the region to pilot the foundation of 5.5G, launching the world's first structured Web3 Launchpad program, and driving blockchain innovation in the Middle East and beyond. This aligns with Bahrain’s Economic vision 2030, with ICT as a key driver of sustainable economic growth.

In 2018, stc Bahrain disrupted fintech with its stc pay ecosystem of services, which has evolved to become a subsidiary of stc Bahrain, officially licensed by the Central Bank of Bahrain. stc pay is an all-inclusive digital wallet, making financial services more accessible and driving the Kingdom toward a cashless future. Over the past decade, we've consistently topped Bahrain’s Telecommunications Regulatory Authority's Quality of Service report, reflecting our dedication to wide coverage and high-quality service. Through investments in Bahrain’s telecom sector, our evolution into a forward-thinking digital enabler aligns with the Kingdom's Economic Vision 2030.

The company's persistent dedication to innovation has earned it multiple awards, positioning it as a driving force in delivering telecommunications, digital, and mobile financial services for everyday customers, homes, and businesses.

stc Jusoor, the company's corporate social responsibility arm (meaning "bridges" in Arabic), aligns with Bahrain's Economic Vision 2030 and individual empowerment. Focusing on Community, Family, Eco, and Tech as key pillars, stc Jusoor's initiatives balance community development and technology, connecting and empowering individuals through the free exchange of experiences, ideas, and information.

Today, stc Bahrain stands not only as the preferred Telecommunications network in Bahrain but also as the most forward-looking digital enabler.

For more information, please visit www.stc.com.bh

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About Conflux

Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security. Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities including, the Shanghai government, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives.