Shiba Inu (SHIB) Partners with UAE's Ministry of Energy and Infrastructure to Integrate Blockchain Tech in Public Sector

The Shiba Inu project has entered a partnership with the United Arab Emirates' Ministry of Energy and Infrastructure (MoEI) to help integrate blockchain technology in the public sector.

Shiba Inu has announced a partnership with the United Arab Emirates' Ministry of Energy and Infrastructure (MOEI) to integrate blockchain technology into the public sector.

The collaboration will reportedly focus on ShibOS, an infrastructure stack that offers solutions for fast and affordable blockchain transactions, digital identity, privacy and security.

Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MOEI, commented on the partnership:

“We're delighted to deepen our commitment to cutting-edge digital services with this partnership, which I believe will serve as a testament to our dedication to redefining government services. This collaboration aligns perfectly with our strategy to embrace emerging technologies, setting a global benchmark for innovation, and delivering transformative solutions that ultimately benefit our citizens and the wider community.”

According to Shytoshi Kusama, a key figure in the Shiba Inu project, the partnership is set to "redefine how governments, businesses and citizens collaborate in a transparent, eco-friendly digital framework."

The markets don't seem to be too impressed by Shiba Inu's latest partnership, but the SHIB price prediction remains optimistic

Shiba Inu still maintains a very respectable 16th spot in the crypto rankings and a market capitalization of $9 billion, but the popular meme token has been off to a rough start this year, dropping by around 29% against the US dollar since January 1.

The partnership with the UAE Ministry of Energy and Infrastructure hasn't boosted the Shiba Inu price, as SHIB is down 5.7% in the last 24 hours despite the partnership announcement.

However, the SHIB price prediction algorithm on CoinCodex continues to be bullish on the token, as it forecasts SHIB to reach as high as $0.00007024 in 2025, which would represent a 362% increase from its current price.