A Blockchain Use Case for Cheque Fraud is here

Just when we thought chequebooks and cheque processing was on its way out , we see a unique use case where the traditional banking instrument uses new age disruptive technology such as blockchain to combat cheque fraud.Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced that it will introduce blockchain technology into its cheques as a fraud prevention measure . Read on to find out how Cheque Chain will work.

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Union Bank’s $171 million Wire Fraud – A Wake Up CallĀ 

The Union Bank of India heist is another wake up call to evaluate technologies that avert and plug loopholes and end what is today a wire transfer monopoly