{"id":637627,"date":"2017-11-21T04:03:19","date_gmt":"2017-11-21T04:03:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/21\/cib-to-implement-blockchain-technology-in-three-years\/"},"modified":"2017-11-21T04:03:19","modified_gmt":"2017-11-21T04:03:19","slug":"cib-to-implement-blockchain-technology-in-three-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/21\/cib-to-implement-blockchain-technology-in-three-years\/","title":{"rendered":"CIB to implement blockchain technology in three years"},"content":{"rendered":"

CIB plans to implement blockchain technology within the bank over the coming <\/strong>three years<\/strong>, said CEO of Retail Banking Ahmed Issa on Monday, according to Al Mal<\/a>. Speaking at the African Securities Exchange Association\u2019s meeting in Cairo, Issa said the move towards blockchain \u2014 a digital record which underpins cryptocurrencies such as Bitcoin and Ethereum \u2014 will demand the bank revamp its infrastructure. Adopting the blockchain strategy comes as the country looks to expand online banking, Issa added. CIB Chairman Hisham Ezz Al Arab had extolled the importance of blockchain technology last month at the Yahoo Finance All Market Summit<\/a>, saying that \u201cblockchain technology \u2026 will change the face of the world\u201d as it develops over the coming years. For more on how blockchain and cryptocurrencies have been used in the corporate world other than as a payment method, you can check out this explainer we noted last summer<\/a>. Also worth reading: A Complete Beginner's Guide To Blockchain<\/a> by a Forbes (ugh) contributor and IBM\u2019s Blockchain basics: Introduction to distributed ledgers<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIB plans to implement blockchain technology within the bank over the coming three years, said CEO of Retail Banking Ahmed Issa on Monday, according to Al Mal. Speaking at the African Securities Exchange Association\u2019s meeting in Cairo, Issa said the move towards blockchain \u2014 a digital record which underpins cryptocurrencies such as Bitcoin and Ethereum […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637627","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c071e8a2-758c-494b-bc94-7970996bbb7f","order":"0","is_powered_by":true,"section_story_id":"e1e1d181-9272-41f2-97d4-fecea49a0157","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637616],"teaser":"","voice_url":""},"yoast_head":"\nCIB to implement blockchain technology in three years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/21\/cib-to-implement-blockchain-technology-in-three-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB to implement blockchain technology in three years\" \/>\n<meta property=\"og:description\" content=\"CIB plans to implement blockchain technology within the bank over the coming three years, said CEO of Retail Banking Ahmed Issa on Monday, according to Al Mal. 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