التكنولوجيا وأخبارها بوابة مصر لأخبار تكنولوجيا المعلومات والإتصالات وفي أفريقيا كما تعتبر مصدر رئيسي للمعلومات حول تكنولوجيا المعلومات والاتصالات والفرص الاستثمارية المرتبطة بالاقتصاد الرقمي في المنطقة بالكامل
Valify Solutions and 34ML have officially launched KNFRM, Egypt’s first digital contracts platform built on blockchain technology. The platform is designed to accelerate digital transformation in electronic contracting by delivering secure, compliant, and innovative solutions that align with national and international legislative frameworks.
Digitizing Contracting in Egypt
KNFRM represents a major milestone in Egypt’s journey towards digitalization, enabling organizations to manage contracts seamlessly while ensuring maximum security and transparency. By integrating blockchain technology, the platform minimizes risks and guarantees strict compliance with all applicable laws, including Law No. 5 of 2022, which regulates and develops the use of financial technology in non-banking financial activities.
The platform is tailored to serve large financial institutions as well as small and medium-sized enterprises (SMEs) across the Egyptian market, supporting business efficiency and scalability.
Expanding Valify’s Digital Services Portfolio
The launch of KNFRM expands Valify’s suite of services, which already includes digital contracts and electronic records. Through this integration, clients can conduct electronic contracting, storage, and retrieval processes with greater efficiency, security, and cost-effectiveness.
By reducing the dependence on paper-based transactions, KNFRM helps organizations cut administrative expenses, streamline operations, and improve overall performance.
34ML’s Role in Building the Platform
The development of KNFRM also highlights 34ML’s commitment to delivering scalable and secure digital platforms. Working hand-in-hand with Valify, 34ML co-developed the platform’s vision and spearheaded the technical execution, from architecture and infrastructure design to user experience and long-term scalability.
This collaboration ensured that KNFRM was built to adapt and grow with Egypt’s rapidly evolving digital economy.
Leadership Perspectives on the Launch
Omar Abdel Wahed, CEO of Valify Solutions, emphasized the significance of this milestone:
“KNFRM is the first of its kind in Egypt, designed to provide cutting-edge solutions for digital contract management using advanced blockchain technology. It offers companies a secure and efficient environment to execute digital contractual transactions while ensuring full compliance with the law. The platform will actively contribute to Egypt’s digital transformation by reducing risks, improving efficiency, and driving economic growth.”
He further added:
“The platform is the result of close collaboration between Valify and 34ML, combining our fintech expertise with 34ML’s strength in developing secure and reliable digital platforms. Together, we created a solution that unites speed, security, and compliance across Egypt’s financial and commercial sectors.”
Echoing this sentiment, Ashraf Mourad, Co-Founder of 34ML, stated:
“From the very beginning, we worked with Valify on KNFRM with a clear vision and bold ambition. Launching Egypt’s first blockchain-based digital contracts platform is a proud moment for us. Achievements like this remind us why we are passionate about what we do—building real solutions that empower businesses to grow and overcome real-world challenges.”
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