MAS-led payments network on path towards commercial adoption of blockchain technology

Singapore

THE Monetary Authority of Singapore (MAS) and Temasek on Monday released a report highlighting the "commercial potential" of Project Ubin, paving the way towards live adoption of blockchain technology.

Project Ubin, which recently concluded its fifth and final phase, is a collaborative project between MAS and the financial industry to test the use of blockchain and distributed ledger technology for clearing and settling payments and securities.