Dubai is planning to launch a blockchain consortium based on a Know Your Customer (KYC) framework. To make this plan successful, the blockchain firms like Norbloc, Dubai International Financial Centre (DIFC), and Mashreq Bank will come together. Norbloc will be responsible for KYC blockchain service and to implement it throughout Dubai, DIFC and the Mashreq Bank will come in action. Mostly Q1 of 2020 will see the launch of the project and is intended to provide data-sharing services to businesses in the region.
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