06 Oct '17, 7am

Singapore Central Bank Reveals Blockchain Breakthrough in Interbank Payments

The three software models developed are amongst the first in the world to implement decentralised netting of payments in a manner that preserves transactional privacy. Existing netting programmes used in inter-bank payments rely on a single payment queue visible to the operator to find offsetting payments. Decentralising the queue, however, potentially exposes payment details to an unauthorised party. The latest models in Project Ubin achieve a superior combination of decentralisation and privacy.

Full article: https://www.cryptocoinsnews.com/singapore-central-bank-re...

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