A software team within the Singaporean government called Open Government Products (OGP) and the financial services company DBS, located in Singapore, are collaborating to create a live trial for the issue of purpose-bound money-based (PBM) vouchers. PBM Vouchers to Use Blockchain Technology PBM vouchers will be produced utilizing blockchain technology and DBS-issued DSGD, with smart contract functionality made possible by OGP. This will make it possible for issuers to plan and manage the distribution and use of the voucher to specific recipients on their own. The Monetary Authority of Singapore (MAS) is leading Project Orchid, which intends to create a The post DBS Bank Uses Smart Contract Technology to Test Tokenized Fiat appeared first on Cryptoknowmics-Crypto News and Media Platform.
