Page 75 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/5/25, 9:03 AM Etihad Credit Insurance Joins UAE's KYC Blockchain Platform
Ahmad AlFalasi, CEO of DBLC at DET, welcomed ECI’s participation, highlighting its role in improving
KYC compliance and reinforcing Dubai’s position as a trusted business hub. He noted that the
platform enhances regulatory collaboration and eases access to financial and insurance services.

Astyanax Kanakakis, CEO and Co-Founder of norbloc, elaborated on the impact of the KYC

Blockchain Platform, which utilizes norbloc’s Fides solution. He highlighted that the system ensures a
“single version of truth” for customer profiles, improving data accuracy, transparency, and financial
crime prevention while facilitating seamless data exchange.

Launched in 2020, the DET-led initiative aims to drive the UAE’s digital transformation and economic

growth by fostering secure and efficient data sharing among financial institutions. ECI’s involvement
signals further expansion of blockchain adoption in the financial and insurance sectors.

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