ADCB: Launched Real Time Blockchain Trade Finance

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ADCB: Launched Real Time Blockchain Trade Finance

Abu Dhabi Commercial Bank (ADCB): Launched Real Time Blockchain Trade Finance for Customers

  • ADCB digitised trade finance for its customers using the Singapore-based dltledgers Blockchain platform
  • It is the first bank in UAE to run the end-to-end Blockchain trade finance transaction
  • The dltledgers platform, the ability to keep a closer tab on the flow of the goods and and enhanced fraud prevention
  • ADCB’s private network also provided end-to-end trade visibility across the entire life cycle of the transaction
  • This private network allows ADCB to service corporate customers in real time, increasing transparency and also building cross-border interconnectivity
  • ADCB also supports dltledgers platform’s trade finance digitisation