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The Department of Economic Development in Dubai has established a blockchain consortium with six UAE banks, whereby investors be able to open bank accounts instantly.
Dubai Economy, United Arab Emirates, KYC, blockchain, banking, investment, KYC (Know Your Customer) Blockchain Consortium, bank consortium, Emirates NBD, Emirates Islamic, HSBC, Rakbank, Abu Dhabi Commercial Bank, Commercial Bank of Dubai.
UAE’s Abu Dhabi Commercial Bank has partnered with Singapore-based dltledgers blockchain platform to digitise trade finance using blockchain.
Abu Dhabi Commercial Bank, trade finance, United Arab Emirates, dltledgers, blockchain, Trade Finance Blockchain Platform, DLT, MENA