Singapore Unveils New Blockchain Project
The blockchain is often touted as one of the most revolutionary staples of modern technology. Institutions from banks to governments have attempted to “exploit” its technology in the hopes that they can digitize and record their data in real-time to keep it safe from security breaches and related issues. The next spot on the map looking to harness blockchain technology is Singapore. Asia is proving to be a regular haven for digital currency and its respective technology. China is often regarded as the biggest influencer of bitcoin, touted for its price hikes, then pointed at and ridiculed....
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IBM's Bluemix Garage in Singapore has announced a new effort aimed at helping financial institutions better comply with know-your-customer (KYC) requirements using blockchain. Announced yesterday at the Singapore FinTech festival, the project (a collaboration with KYC startup KYCK!) aims to provide enhanced identity verification services, enabling KYCK!'s customers to more rapidly on-board customers in a secure environment. The hope is the service will reduce the time and expense financial service providers encounter when on-boarding new customers and complying with KYC regulation. Using a....
At this year’s Singapore FinTech Festival, the fintech startup KYCK! and IBM announced a collaboration involving a blockchain Know Your Customer (KYC) project. The Singapore-based company will use distributed ledger technology to onboard clients in a secure environment. Singapore Startup KYCK! Initiates Blockchain KYC Verification. According to IBM,....
The Singapore banking industry is hot for fintech and blockchain technology. The United Overseas Bank (UOB) recently had its accelerator program FinLab on August 3, which included participating in financial technology solutions and “smart contracts as a service.” Singapore Bank Mentors a Blockchain-Based Smart Contract Project. The Singaporean....
The Monetary Authority of Singapore (MAS), which is the country's central bank, announced its plans to fund a blockchain technology project related to record keeping. This is part of the central bank's five-year investment plan on financial technology developments. Apart from funding the blockchain technology project, the funds will also be used to build innovation centers and fund financial tech projects. Its goal is to attract financial tech startups to build their companies in Singapore and enhance their standing as a smart financial center. Blockchain Technology in Record Keeping.....
PRESS RELEASE. SINGAPORE — 25th September 2022 — TOKEN2049, Asia’s premier crypto conference, announced that it will be showcasing a first-of-its-kind, immersive NFT experience, entitled the OP3N WHALE NFT Exhibition, at its upcoming Singapore edition from 28 to 29 September. The exhibition will be presenting NFT assets with a market value exceeding US$100 million — the first time such a collection owned by a single entity has ever been on display to the public. The exhibition was developed by OP3N, a launchpad for IP and communities in Web3, and WHALE, the....