Category: Dubai

HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain

HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain

HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology. 2212 Total views 7 Total shares Global banking giant HSBC has announced that it has been successfully onboarded to the regional Know-Your-Customer (KYC)-focused private blockchain backed by Dubai’s government. HSBC is the first overseas, and fourth founding member, […]

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Dubai’s economic department to roll out blockchain-based corporate KYC

Dubai’s economic department to roll out blockchain-based corporate KYC

Dubai’s Department of Economic Development wants to accelerate the total adoption of UAE KYC — the national Know Your Customer standard running on blockchain technology. 7855 Total views 31 Total shares Dubai’s Department of Economic Development, or “Dubai Economy,” and the Dubai International Financial Centre are working to expand their Know Your Customer platform to […]

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Blockchain-based agri-commodity trading to tap world’s largest wheat market

Blockchain-based agri-commodity trading to tap world’s largest wheat market

Blockchain will streamline trade from Europe’s grain belt. 4696 Total views 44 Total shares Following two years of pilot testing, a blockchain trade and financing platform for global agricultural trading has seen its commercial rollout from Swiss developer Cerealia SA. The launch follows extensive prelaunch trial implementation with firms from Algeria, Brazil, Dubai, Japan and […]

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