The decision was announced to be an effective banking transactions security improvement and fraud prevention measure. According to a report, Emirates Islamic will issue new cheque books, termed ‘Cheque Chain’, carrying a unique QR-code on every leaf, along with a string of 20 random characters. The bank plans to have each cheque leaf registered on the Bank’s blockchain platform, enabling it to validate the authenticity of the cheque at the source.
You can read the full article and take part in the discussion here: https://coinidol.com/the-first-islamic- ... echnology/
