KCN Singapore's Central Bank completes blockchain project
Channel: KCN News
Date: 17/03/2017

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Singapore concluded the inter-bank project on blockchain. On the March 9 the Monetary Authority of Singapore announced the successful conclusion of the proof-of-concept project to conduct domestic inter-bank payments using distributed ledger technology. The project in partnership with R3 was first announced on  November 16, 2016. Tim Grant, CEO of R3 Lab and Research Center, said: “We have always believed that true progress in advancing the implementation of distributed ledger technology in financial services would be achieved by bringing central banks, commercial banks and technology partners together in an open setting.”
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