ADCB: Joins UAE trade finance blockchain consortium
- ADCB joined its consortium of leading UAE banks utilizing its blockchain platform to help de-risk trade finance
- UTC is the fintech blockchain platform of e& enterprise formerly known as Etisalat Group
- UTC’s multi-award-winning platform aspires to be the national trade finance platform and is already enhancing its capabilities
- The signing ceremony was held at the offices of e& enterprise in Dubai and was attended by senior management from both organisations
- UTC blockchain platform will be a key enabler for banks to increase lending to SMEs
- All consortium member banks play an equal and active role in the steering and
governance of the UTC platform
