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Blockchain hits India shore

ET recently reported (refer Top News) that ICICI bank has tied up with Emirates NBD on leveraging blockchain technology for remittance and international trade finance. This is anyway the area being mostly touted as the most promising used case for using blockchain. It may augur well for the bank which is looking into efficiency/ cost parameters very closely for the last few years. Blockchain promises to optimize cost and reduce turnaround time as well. Lets keep our fingers crossed.

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