With cross-border interoperable blockchain systems gaining traction across the globe, it comes as no surprise that an increasing number of government agencies are looking to explore the full potential of this technology to make international transactions hassle-free in addition to ensuring the process is streamlined and transparent for users.
In this regard, the Monetary Authority of Singapore, or MAS, announced on July 13 that its much-talked-about blockchain payments project, Project Ubin, was finally ready for mainstream commercial deployment.