Etisalat Digital and Abu Dhabi First Bank launch blockchain trade financing platform

According to The Paypers, Etihad Digital, a UAE-based information technology company, announced the launch of a nationwide blockchain trade financing platform called UAE trade Connect (UTC). The platform was developed by Etisalat Digital in collaboration with First Abu Dhabi Bank (FAB) and Avanza Innovations. So far, eight banks have registered and the platform is open to other banks.