The Dubai Chamber of Commerce and Emirates NBD has signed recently a memorandum of understanding on developing blockchain trade finance solutions. On Oct. 14. the Saudi Gazette reported that the Dubai Chamber of Commerce (DCCI) acts as an international business hub in Dubai signed the MoU with the state-owned Dubai Bank NBD. Dubai 10X Initiative NBD bank is one of the largest banking groups in the middle east in terms of assets. It will provide financial trading solutions for

The China Construction Bank (CCB) updates the second version of its blockchain trading platform while reaching ‘360 billion yuan ($50 billion) in cumulative transaction volume.’ Xinhua news agency reported on Oct 9. that the bank announced the release of “BCTrade 2.0,”. Digitization of Financial Services The blockchain trading platform will digitize the financial services between ‘a reported 54 domestic and overseas CCB branches and 40 external organizations, including a numb

Major South Korean KB Kookmin Bank is planning to integrate blockchain technology into its internal processes. On Oct 7. local news outlet Korea JoongAng Daily reported the adoption of decentralised ledger technology by the bank. Blockchain in Financial Sector KB Kookmin stated that adopting blockchain could provide many benefits to the financial sector such as issuing of digital tokens, funding, custodial services, and trading. As for the bank itself, it intends to deploy de