ICICI Bank Joined By Dubai's Largest Lender On Blockchain Project

Dubai: Emirates NBD, Dubai's largest bank, is working with ICICI Bank on a pilot project to use blockchain technology for global remittances and trade finance, in what they say is a first for banks from the Middle East and India. The project showed banks can significantly cut transaction costs and time, while demonstrating a near real-time transfer of invoices and purchase orders for trade finance purchases, Emirates NBD said. Bloc...