Blockchain Pilot Network from Infosys Finacle, Emirates NBD and ICICI Bank

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We request you to try again after some time. If the issue persists, please blockchain infosys ltd our customer care numbers or submit a complaint. The usage of blockchain technology simplifies the process and makes it almost instant—to only a few minutes. Typically, this process takes a few days. Akin to pioneering new technologies in the country like software robotics, mobility and near-field communication among others, I am delighted that we are the first bank in India and among few globally to set up a blockchain application.

We have also marked a milestone by piloting a blockchain network with Emirates NBD as a partner and have successfully executed cross-border open account trade finance and remittance transactions. I envision that the emerging technology of blockchain will play a significant role in banking in blockchain infosys ltd coming years by making complex bilateral and multi-lateral banking transactions seamless, quick and more secure.

Going forward, we also intend to work on expanding the blockchain ecosystem and create common working standards to contribute to the commercial adoption of this initiative. The blockchain application co-created by ICICI Bank blockchain infosys ltd the paper-intensive international trade finance process as an electronic decentralised ledger, that gives all the participating entities including banks the ability to access a single source of information.

It also blockchain infosys ltd them to track documentation and authenticate ownership of assets digitally, as an un-alterable ledger in real time.

This facilitated the stakeholders to execute a trade finance transaction through blockchain infosys ltd series of encrypted and secure digital contracts. Further, it allowed each participant to check online the status of the application, transfer of title and transmission of original trade documents through a secure network, while preserving client and commercial confidentiality.

It brings in the improved convenience of accurate and quick transactions eliminating manual intervention, courier of paper documents across countries and verification through trade intermediaries. The pilot transaction was executed to showcase confirmation of import of shredded steel melting scrap by a Mumbai-based exportimport blockchain infosys ltd from a Dubai-based supplier. It could do so as the blockchain technology is equipped to blockchain infosys ltd real time financial message to the recipient bank allowing the remittance transaction to take place instantly.

The pilot transaction eliminates the need for financial messaging between banks and heralds the convenience of instant cross-border blockchain infosys ltd for retail customers. Currently, international remittances take a few hours to upto two days.

It is also envisaged to reduce the cost of remittance for customers as well as banks. ICICI Bank services its large customer base through a multi-channel delivery network of 4, branches, 14, ATMs, call center, internet banking www. Figures as on June 30, For latest information on the Bank, visit www. ICICI Bank's subsidiaries include India's leading private sector insurance companies, securities brokerage firms, mutual funds and private equity firms. Its presence currently spans 17 countries, including India.

For media queries, write to us at: How Can We Help You? Find relevant answers to most of your queries here. Loans Home Loan Upto 30 lacs 8. About Us Know Us. Career Opportunities Explore diverse openings with India's second-largest bank. Contact Us See how to reach us. Executive Director's Profile View our executive director's profile.

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More than participants were developing new solutions to existing problems the ports of Rotterdam and Singapore face.

The winning team developed a blockchain application for customs. Marc works with businesses to prevent them losing their competitive advantage to disruptors large and small. The next step is connecting things — in real time. This Networked Society overturns old models and creates new possibilities. It enables and requires a new logic across industries. She is also involved in new Blockchain pilots with different municipalities. Skip to content Leen Peeters, conference chair Founder and managing director, Th!

Leen is considered an expert in energy in the built environment and energy management and applies this expertise in multiple European initiatives. Leen is coordinator of the BRIDGE group bringing together the experiences of 22 European demonstration projects on smart energy infrastructure.

She strongly believes that Blockchain — as the underlying technology — will accelerate the building of a smart energy infrastructure. Dennis Martens Dennis Martens is a Managing Consultant at Synechron, a global consulting and technology organization providing innovative solutions to the financial services industry.

Dennis is an experienced consultant within the financial industry. He focuses on Blockchain and other innovative technologies and helps financial institutions with realizing its maximum potential. Since CIB provides total solutions for the office environment. CIB is a sector specialist with a focus on municipalities, notaries and archive services.

Each sector is offered a total solution which is tailored in accordance with specific demands and requirements. In that capacity she is also responsible for the development of The Hague Security Delta HSD , which the City Council considers to be a top economic priority for the coming years. Interested in international opportunities both in Europe and beyond. Jelle is responsible for the growth of knowledge and capabilities in blockchain technologies, more specifically the IBM Blockchain initiative and the Linux Foundation Hyperledger project.

This means that he leads a team of developers and designers working on blockchain engagements with clients around Europe. Next to that he supports account teams in the conversation around blockchain with their client. He has 10 years of experience in information management, consultancy, implementation and change, with the last 4 years building experience in cryptocurrency, blockchain and distributed ledger technology.

Founder and managing director, Th! Dennis Martens is a Managing Consultant at Synechron, a global consulting and technology organization providing innovative solutions to the financial services industry. Previously, he was the founder of four artificial intelligence software companies.

Verwaaijen heeft verschillende titels behaald in bedrijfskunde en bestuurlijke informatievoorziening, en is zijn loopbaan ooit begonnen bij PriceWaterhouseCoopers. Magic Software kan bogen op dertig jaar ervaring en heeft miljoenen installaties over de hele wereld en strategische samenwerkingen met vooraanstaande IT-bedrijven.

HSD is the leading security cluster in Europe. In this national cluster governments, businesses and knowledge institutions work together on innovations and knowledge in the fields of national, urban and cyber security, protection of critical infrastructure and forensics.

We share a common goal: Joris is adjunct director of the HSD. CIO Save the Children Karl is an experienced CIO, who has successfully led and transformed technology and digital functions in high profile and challenging environments. Commercially focused with strong stakeholder management skills and a track record of creating visions and strategies to maximise the contribution of technology to the organization.

PortLab is an initiative from multiple stakeholders and the ports of Rotterdam and Singapore, which strives to stimulate collaboration and development of innovative solutions for supply chain management and the port sector in specific.

Blockchain technology is an important component of new technologies that disrupt logistics at the moment. It took years to connect 1 billion places and 25 years to connect 5 billion people. Currently Marloes is Project Lead Blockchain and involved in 15 Blockchain pilots for central government bodies.

Martijn has worked before at several departments of an international bank business development , sales, financial restructuring and recovering and has experience with operational excellence and supply chain management.

The combination of knowledge of supply chain and finance comes together in his role as program developer Supply Chain Finance at Dutch Institute for Advanced Logistics. As Founder of SonicBids Boston, MA , Panos is widely credited for spotting and capitalizing early on three distinct emerging trends in the music business over the last decade: Founder, publisher and editor of leading online industry publication Blockchain News, Richard Kastelein is an award winning publisher, marketer, innovation executive and entrepreneur, based in the Netherlands.

Sebastien Lintz is responsible for blockchain and all digital stuff for Hardwell and Revealed Recordings.