10 Oct '17, 3pm

50 Startups: Central Bank Director Touts Singapore as Blockchain Hub

A senior official for Singapore's de facto central bank says that as many as 50 startups in Singapore are working with blockchain. During a speech yesterday, Monetary Authority of Singapore (MAS) managing director Ravi Menon said that dozens of new companies are focused on the tech – an ecosystem that is further supported by local research institutions, venture capitalists and major tech firms, he explained. Menon also offered insight into Singapore's local DLT space when remarking about the existing partnership between the institution and the government of the Indian state of Andhra Pradesh, which in recent months has launched a series of blockchain pilots aimed at exploring potential public-sector applications. Most recently, officials there worked with Swedish blockchain startup ChromaWay on a new land registry pilot . In the speech yesterday, Menon offered new details ...

Full article: https://www.coindesk.com/50-startups-central-bank-directo...

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