DBS Bank trials a blockchain platform for government grant distribution to 27 fintech companies.

Singapore's DBS Bank trialled a blockchain-based platform to distribute government grants to 27 fintech companies, using smart contracts for automated allocation. The project, which builds on DBS's participation in Project Orchid, aims to improve efficiency, governance, and transparency in grant payments. This demonstrates the potential for expanding blockchain applications in financial processes, contributing to Singapore's Smart Nation goals.

August 22, 2024
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