Tag "distributed ledger technology"

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MAS & ABS: Releases Project Ubin Blockchain Source Code to Encourage Innovation

The industry consortium led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) has released the report and source-codes on Project Ubin the distributed ledger prototypes for inter-bank payments. The report : ‘Re-imagining Interbank

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Securities Commission Malaysia Embarks on Blockchain Pilot Project

Tan Sri Ranjit Singh, Chairman of Securities Commission of Malaysia announced today at the SCxSC Digital Finance Conference 2017 today that the regulator has embarked on a pilot project for distributed ledgers in the unlisted and OTC Market space. The

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Economic Possibilities Of Blockchain Technology for Singapore

Economic Possibilities of Blockchain Technology” – Keynote Address by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Global Blockchain Business Conference  in Vizagcity on 9 October 2017: I am delighted to be here in Andhra Pradesh – the land

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MAS And ABS Lead Consortium To Harness Blockchain Technology For More Efficient Inter-Bank Payments

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

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IOTA and Quantum Resistant Ledger: Two Innovative DLT/Blockchain Projects

The blockchain market is growing rapidly and is set to surge from US$210.2 million in 2016 to US$2.312 billion by 2021, at a CAGR of 61.5%, according to report by Research and Markets. Blockchain, the underlying technology that originated in

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Blockchain Use Cases in Financial Services

Blockchain has become a buzzword in the financial services industry, attracting billions in venture capital investment from some of the largest firms across the financial services landscape. Originally developed as the technology underlying Bitcoin, blockchain has quickly risen to fame

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MAS Conclusion about Distributed Ledger Technology in Securities Settlement and Cross Border Payments

The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the proof-of-concept project to conduct domestic inter-bank payments using distributed ledger technology (DLT). The project, in partnership with R3 and a consortium of financial institutions, was first announced on 16

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Blockchain To Cause A ‘Profound Technological Shift’ In Banking, Insurance, And Beyond

Poised to transform the financial sector by increasing efficiency, transparency and security, blockchain technology could reduce banks’ infrastructure costs by US$15 – 20 billion per year by 2022, an opportunity that all major banks and financial institutions are eager to

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SWIFT and Accenture Identify Key Factors for Blockchain Tech Wide Adoption

Although blockchain holds many promises for the financial services industry, the technology will need to overcome many challenges before reaching wide adoption, according to a new paper by SWIFT and Accenture. The paper, which aims at formalizing SWIFT’s position on

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Landscape of Blockchain Companies in Financial Services

In November 2008, a paper was posted on the Internet under the name Satoshi Nakamoto titled ‘bitcoin: A Peer-to-Peer Electronic Cash System’ that detailed methods of using a peer-to-peer network to generate what was described as “a system for electronic

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