The UAE's AI Free Zone, Innovation City, has launched a blockchain-based digital identity system for businesses, transforming traditional business licenses into secure, on-chain digital identities. This new system, built on the OPN Chain by IOPn, facilitates near real-time verification for banks, regulators, and investors. It also supports AI-driven applications in licensing, compliance, taxation, and cross-border interactions, significantly reducing the risks of document forgery and misuse of corporate structures.