Singapore Road Tests Future of B2B Blockchain Contracts
The future of decentralized contract is here - Singapore is road testing its first B2B contract registered to the Blockchain between two enterprises. While last week’s debut of smart contract between IBM and Bank of Tokyo-Mitsubishi UFJ is private in nature, this Blockchain MOU will be the first B2B contract publically available on the Blockchain for anyone to verify. The MOU outlines the clauses and conditions of partnership between BLOCKCON (a Blockchain conference organizer based in Singapore), and ACCESS (Singapore Cryptocurrency and Blockchain Industry Association) using Attores’....
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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 Singapore banking establishment is keen to implement FinTech and blockchain innovations after the launch of its accelerator program, FinLab, earlier this month. On August 3, the Singaporean banking society, the United Overseas Bank (UOB) held its first accelerator program that focused on technology solutions for the financial sector and smart contracts. Nine startups that took part: Attores, CardUp, FinMitra, FinReg, Nickel, SsinoConnect, Stock2Day, Tuple, and Turnkey Lender. According to Singapore news outlet, The Straits Times, startup Attores is working toward building a blockchain....
Hackers are soon going to be the new lawyers as the adoption of smart contracts increase in the near future. The advent of Blockchain 2.0 and Blockchain 3.0 has given rise to new ways of automation using Bitcoin’s underlying technology. There are special cryptocurrency platforms like Ethereum, Rootstock, Counterparty, Lisk and more that allows people to create smart contracts on the blockchain. These smart contracts enable automation by allowing developers to set trigger conditions. These trigger conditions are certain prerequisites, when met, will execute the function programmed on the....
Researchers from National University of Singapore will soon release a tool that will help ethereum users determine whether the smart contracts they've coded are valid or not. Developed in the wake of the massive hack of the first large-scale smart contract – The DAO – in June, the researchers described the tool as an attempt to curb future problems that could lead consumer funds to be lost. Called Oyente, the program has been reportedly used to successfully pinpoint bugs in thousands of smart contracts, including the one that led to the failure of The DAO. National University of Singapore....
The government of Sweden is testing a system for registering and recording land titles that utilizes blockchain in a bid to digitize real estate processes. Lantmäteriet, or the Swedish National Land Survey, revealed today that it is working with blockchain startup ChromaWay, consulting firm Kairos Future and telephone service provider Telia on a proof-of-concept that investigates how blockchain tech could reduce the risk of manual errors while creating more secure processes for transferring documents. For the proof-of-concept, ChromaWay CEO Henrik Hjelte indicated that Telia’s technology....