12 Oct '17, 12pm

Accenture Develops DLT Prototypes for Singapore's Central Bank

Professional services firm Accenture has today announced it has been hired by Singapore's de facto central bank to develop distributed ledger prototype systems for processing interbank payments. Just this week, the Monetary Authority of Singapore (MAS) went public with the three new payments prototypes, which were developed using three platforms: Quorum (an ethereum-based system developed by JPMorgan Chase), Hyperledger Fabric and R3's Corda. The work forms part of the second phase of "Project Ubin ," the blockchain banking project that includes institutions like Bank of America Merrill Lynch, Standard Chartered and Citi, among others, as participants. "Project Ubin is making a great leap forward in proving the value and potential of DLT systems and their ability to transform industries," David Treat, managing director of Accenture's global blockchain practice, said in a s...

Full article: https://www.coindesk.com/accenture-develops-dlt-prototype...

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Accenture to Create DLT Prototype for Singapore's Central Bank

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