S'pore to trial blockchain to speed up business payments

Singapore

SINGAPORE is set to pilot the use of blockchain for inter-bank settlements that could speed up business payments - a landmark trial likely to be detailed this week during the city-state's first FinTech Festival.

This could put the financial hub ahead of its peers, even as the festival - first of its kind in the world - has attracted some 11,000 participants, blowing past expectations by the Monetary Authority of Singapore (MAS).