Singapore, 5 October 2017… The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that the consortium which they are leading has successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms.
2 The project, conducted together with 11 financial institutions and five technology companies1, is the Phase 2 of Project Ubin2, which explores the use of Distributed Ledger Technology (DLT), commonly known as blockchain technology, for clearing and settlement of payments and securities.
Source/More: MAS and ABS lead consortium to harness blockchain technology
