Block chain technology

Block Chain Technology : ICICI Bank is the first bank in the country and among the first few globally to exchange and
authenticate remittance transaction messages as well as original international trade documents related to purchase order,
invoice, shipping & insurance, among others, electronically on block chain in real time.
The usage of block chain technology simplifies the process and makes it almost instant—to only a few minutes. Typically, this
process takes a few days. The block chain application co-created by ICICI Bank replicates the paper-intensive international trade
finance process as an electronic de centralised ledger, that gives all the participating entities including banks the ability to access
a single source of information.