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Blockchain Payments Project

Sector: Power Generation (CCGT) • Location: Singapore

Source: FinTech Futures

Project
Completed

The Monetary Authority of Singapore (MAS) is partnering with R3 and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using blockchain. This project aims to create a payment system for participants to transact in different global markets round-the-clock, rivaling Swift’s network.

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Project Information

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The project “Blockchain Payments Project” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Singapore. Taiyo aggregates data on it from FinTech Futures.

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Participants

Sponsoring Agency

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Company

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Status

Original status

Completed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Email

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Address

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Description

Description

The Monetary Authority of Singapore (MAS) is partnering with R3 and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using blockchain. This project aims to create a payment system for participants to transact in different global markets round-the-clock, rivaling Swift’s network.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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