The dubai land department (DLD) and uae lender mashreq bank have penned down a deal to develop a blockchain-based electronic mortgage system. The development aims to not only speed up, but also strengthen the home loan registration process and cut down paper work as Emirates bids to virtualize its services and attract more real estate investments.
The Dubai Land Department (DLD) has partnered with Emirati lender Mashreq Bank to launch a new blockchain based mortgage platform as first reported by The National. As with most land registries around the world, mortgages are registered as a claim against properties. Until now, that often involved visiting Dubai Land Department offices in person and [.]
Dubai Government Joins Hands With UAE Bank for a Blockchain-based Mortgage Platform.. May 2019 Posted by Akolkar B on News. The real-estate arm of Dubai’s Executive Council – the Dubai Land Department (DLD) – has joined hands with UAE’s Mashreq bank to unveil its new blockchain-based.
Dubai to roll out blockchain-backed e-mortgage system adelle geronimo May 30, 2019, 12:18 pm May 30, 2019 Dubai Land Department ( DLD ) has inked a license agreement with UAE-based Mashreq Bank for the use of the e-mortgage system.
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Dubai Land Department, Mashreq Bank Partner On Blockchain Mortgage System Blockchain, News | May 30, 2019 By: Maricel Custodio. The Dubai Land Department is partnering with UAE-based Mashreq Bank to launch a new blockchain-based mortgage system as the department works to modernize its processes.Local news outlet The National reported that the new mortgage system is part of the Dubai 10x.
UAE-based mostly Mashreq Bank partners with the Dubai Land Department (DLD), the true property arm of the Executive Council of Dubai in an effort to unencumber a blockchain-primarily based mortgage platform, as stated by means of The National on May 28.As according to the record, the blockchain-based platform will be a depository for mortgage information and could also act as a manner to verify
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Dubai Land Department (DLD) signed a license agreement with Mashreq Bank, one of the first banks operating in the UAE, for the use of the e-mortgage system. The agreement was signed by Sultan Butti bin Mejren, Director General of DLD, and Arshad Khan, representing Mashreq bank. bin mejren said.