Emirates NBD is working with India’s ICC on a pilot project to use a blockchain technology for global remittances and trade finance. ENBD said that the technology can significantly cut transaction costs and time, while demonstrating a near real-time transfers of invoices and purchase orders for trade finance purchases. Blockchain, which originates from digital currency bitcoin, works as an electronic transaction-processing and record-keeping system that allows all parties to track information through a secure network, with no need for third-party verification. Emirates NBD and ICICI, India's largest private sector bank by consolidated assets, say they are partnering with Infosys Finacle to trialing blockchain technology across multiple banking and payment services. (Reuters)   Emirates NBD: AED8.05 as of 12 October, Rating: Buy, FV: AED10.00 per share, MCap: USD12,191mn, EMIRATES UH / ENBD.DU