The Blockchain Breakthrough
Blockchain and distributed ledger technology (DLT) are at the centre of a massive push for innovation across the financial services sector. MAS has been collaborating with financial institutions, FinTech companies and the blockchain community in a multi-phase initiative, Project Ubin, to explore the use of DLT for the clearing and settlement of payments and securities.
Through this journey of experimentation, prototyping and learning, Project Ubin has created concrete use-cases and achieved breakthroughs across industries. Paving the way towards greater adoption and live deployment of blockchain technology, Project Ubin presents a significant opportunity to establish leadership in blockchain research and development, in line with Singapore's goal of becoming a Smart Financial Centre.
Visit this section for our multi-player interactive game to learn more about blockchain and how it works. Through various applications, find out how blockchain benefits the financial sector.