Page 49 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/7/25, 9:38 AM Etihad Credit Insurance Joins UAE KYC Blockchain Platform
The Role of KYC Blockchain in UAE’s Economic Growth

Ahmad AlFalasi, CEO of DBLC at DET, expressed enthusiasm about ECI’s participation, noting the
significant role that the platform plays in improving the ease of doing business. “The KYC
Blockchain Platform fosters regulatory collaboration, ensures KYC compliance, and is integral to
Dubai’s mission of becoming a global business hub,” AlFalasi said.
Astyanax Kanakakis, CEO and Co-Founder of norbloc, emphasized the KYC Blockchain
Platform’s role in improving transparency and combating financial crimes by providing secure,
verifiable customer data. This initiative is key to Dubai’s broader digital transformation strategy,
contributing to sustainable economic growth and attracting global investment.

Next Steps for the KYC Blockchain Platform

As part of the UAE’s digital strategy, the KYC Blockchain Platform is set to continue expanding,
with more companies expected to join the initiative in the coming years. The platform is a vital
component of Dubai’s smart city ambitions, driving the city towards a fully integrated digital
society that supports innovation, transparency, and business growth.

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