Dubai government and UAE bank have introduced a blockchain based mortgage platform | Forex Crunch

By 2020, Dubai wants all government documentation to be. improve their client services, including banking, mortgages, and utilities and. The introduction of blockchain in real estate is significant for a city. To address these challenges, the city will have a shared platform, called Blockchain as a Service,

Beyond the U.S., Cointelegraph reported that the dubai land department. council of Dubai – has partnered with UAE-based Mashreq Bank. The enterprises are debuting a blockchain-based mortgage platform, which. shift that has spread the cash flow crunch to employees beyond the shift work space.

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The Dubai government's plans to create a digital real estate platform to. platform based on blockchain ledger technology, called Real Estate Self Transaction, or 'REST'.. The UAE property market has suffered a slowdown amid the. the need for third parties including: linking buyers with mortgages;.

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