Dubai Economy, Emirates NBD and norbloc go live with the UAE KYC Blockchain Platform

July 29, 2020 by norbloc_editor

Dubai Economy, Emirates NBD and norbloc have announced the go-live of the UAE KYC Blockchain Platform, an initiative which facilitates secure digital customer onboarding, instant bank account functionality and sharing of verified KYC data between licensing authorities and financial institutions via advanced distributed blockchain technology.

First announced in February 2020, the initiative is set to become a nationwide ecosystem for exchange of verified KYC data. The project is fully supported by Smart Dubai and the Central Bank of UAE, and Commercial Bank of Dubai, ADCB, HSBC, and RAKBANK are also set to go live later this year. Read more…