Page 3 - விநியோகிக்கப்பட்டது பேரேடு தொழில்நுட்பங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SHARE The United Arab Emirates today launched a new blockchain-based platform called UAE Trade Connect that’s designed to prevent economic crimes such as under-invoicing, money laundering and fraud in trade finance. The distributed ledger blockchain network was developed by UAE-based telecommunications company Etisalat and a consortium of seven local banks led by the First Abu Dhabi Bank. The system went live today after six months of trials and the overall project took two years from concept to delivery. “UAE Trade Connect will be a game-changer for the trade finance space,” said Zulqarnain Javaid, who heads UAE Trade Connect. Blockchain technology protects historical records of transactions by storing them in distributed, cryptographically hashed chains that can be independently verified and audited by third parties without revealing sensitive information. Once a record is submitted to a blockchain, it cannot be changed, and because blockchains are widely distributed, ea

Zuid hollandUnited arab emiratesAbu dhabiAbuz abyZulqarnain javaidAirasia group bhdFirst abu dhabi bankSiliconangle media incFirst abu dhabiDistributed ledger technologiesSilicon valleyஒன்றுபட்டது அரபு அமீரகங்கள்விநியோகிக்கப்பட்டது பேரேடு தொழில்நுட்பங்கள்சிலிக்கான் பள்ளத்தாக்கு