ICICI Bank Teams with Emirates NBD to Execute Cross-Border Blockchain Transactions

[kreslik.news]

Emirates NBD, a leading banking group in the Middle East, has tied up with IT supplier EdgeVerve Systems and ICICI Bank, India’s largest private sector bank, to launch a blockchain-based network for international remittances and trade finance.

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The pilot transactions were made on a custom-made blockchain application, co-created with EdgeVerve Systems, a subsidiary of Infosys.

The new experiment reflects the rising profile of blockchain technology in both India and UAE.

In our upcoming QIR report we will delve into fintech implications for the finance industry in the Middle East and ... (read more)