DLD signs license agreement with Mashreq bank.

Dubai Land Department (DLD) has signed a license agreement with Mashreq Bank for the use of the e-mortgage system. The agreement was signed by Sultan Butti bin Mejren, director general of DLD, and Arshad Khan, representing Mashreq Bank. Bin Mejren said: "The development and launch of the new e-mortgage system come as part of our ongoing efforts to enhance automation applications and systems in our transactions to reduce paper transactions and the number of visits. We expect that applying blockchain technologies will contribute to reducing the number of visits, in line with the ratios set by the Government of Dubai for government entities. At DLD, we are keen to support the directives of our wise leadership and the strategies to make Dubai the smartest city in the world."

DLD...