Project Ubin: Central Bank Digital Money using Distributed Ledger Technology
2020-06-24 | Accounting, AI, Blockchain, Business, Education, Employment, Grants, IT & Computer, Marketing, |
Project Ubin is a collaborative project with the industry to explore the use of Blockchain and Distributed Ledger Technology (DLT) for clearing and settlement of payments and securities.
The project aims to help MAS and the industry better understand the technology and the potential benefits it may bring through practical experimentation. This is with the eventual goal of developing simpler to use and more efficient alternatives to today’s systems based on central bank issued digital tokens.
Project Ubin is a multi-year multi-phase project, with each phase aimed at solving the pressing challenges faced by the financial industry and the blockchain ecosystem. The project is now in its fifth phase, and has since published 5 project reports.
Read More on MAS.gov.sg
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