More work needed in regulations, industry to grab blockchain opportunities: panel

Singapore

BLOCKCHAIN is no longer just a hype. There are real opportunities in using the technology for the economy, but regulators need to work with each other and the industry to support its growth, said international panellists during discussions at the Singapore Fintech Festival on Monday.

In the trade space, the two core capabilities lie in supply chain management and trade financing, said Jim Sullivan, deputy assistant secretary for services at the US Department of Commerce.