Emirates NBD registers cheques on a blockchain
16 April 2018

Emirates NDB has integrated blockchain technology into issued cheques to reduce the risk of forgery and to minimise potential fraud. The code registers each cheque on the bank' s blockchain platform, ensuring that once the cheque is received and cleared under the bank's ICCS technology, bank staff can validate its authenticity and have access to the source at all times. The bank is now rolling out the system across the UAE following a successful pilot overseen by Emirates NBD Future Lab.

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