14 Nov '17, 11am

Singapore central bank open sources blockchain prototypes

Singapore central bank open sources blockchain prototypes

First unveiled in November, Project Ubin is a MAS-led initiative to see how DLT can be used for the clearing and settlement of payments and securities, specifically the use of a tokenised form of the Singapore dollar on a distributed ledger. In a feedback report released in October, the Singapore central bank says the three software models developed in Phase 2 of Project Ubin are amongst the first in the world to implement decentralised netting of payments in a manner that preserves transactional privacy. The source-codes and technical documentation of the three prototypes have now been released for public access under Apache License Version 2.0 with the objective of encouraging academics, financial institutions and other central banks to re-use the code for their own tests. MAS says that financial institutions may want to reference the privacy-preservation models for inte...

Full article: https://www.finextra.com/newsarticle/31331/singapore-cent...

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