Tag "distributed ledger technology"
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Blockchain to Improve Trade Finance
Trade finance, where financial institutions provide credit facilities in order to guarantee exchange of goods, is a centuries old industry that is hampered by challenges such poor customer experience, increasing cost pressure and substantial regulatory burden. With its manual, cumbersome
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Behind The Scenes: Securities Commission Malaysia’s Blockchain Project
In November 2017, Securities Commission Malaysia announced that it will be embarking on a blockchain pilot project for the OTC markets. OTC is short for “over-the-counter” which are typically reserved for companies do not meet the listing requirements. It is
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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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