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Article • 10 months ago

DBS Bank Successfully Trials Blockchain-Based Grant Disbursement System

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DBS Bank Successfully Trials Blockchain-Based Grant Disbursement System
Summary
  • DBS Bank, in partnership with the Singapore Fintech Association, conducted a successful pilot for government grant disbursement using blockchain technology.
  • The system automates the grant distribution process through smart contracts on a permissioned distributed ledger, enhancing transparency and reducing manual processing.

Source: https://blockonomi.com/dbs-bank-pilots-blockchain-based-government-grant-disbursement-system/

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