UAE telecom operator Du goes online based on blockchain file exchange platform

According to ITP.net, UAE telecom operator Du has partnered with Avanza Innovations to establish the country's first file exchange platform, the Bank Trust Network, on its Blockchain Platform as a Service (BPaaS). The Bank Trust Network will make paperless exchange of information between banking institutions and their beneficiaries, improve bank efficiency, reduce fraud risks, digitize customer experience, and reduce environmental damage caused by excessive use of paper. Finance House Finance House has become the first customer to showcase its acquisitions with other banks on the Bank Trust Network.