Singaporean Dollar Tokenized using Ethereum
The future is here. So say a report by the Monetary Authority of Singapore (MAS), which in collaboration with a number of banks and blockchain technology firms recently announced that phase one of tokenizing Singaporean Dollars through an ethereum blockchain has successfully completed.
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It is very exciting what is going on in this space and in Singapore!!!! I am sad i missed out on the last two meetups and will miss out on June 9th as well!!! If any other meetings between 11-23rd i will be around in Singapore, just let me know!!!!
Thanks Again for letting us know whats going on there!!
I heard Vitalik lives in SG.. is that true?
I don't know, but it would not surprise me if he did!!!
I know he said he has been to China and Hong Kong a lot and in Singapore you have many of the Big Chinese Banking Corporations....So it would make sense... I will try to find out though!! Thanks!!
Ethereum is on fire in Asia , South Korea is very high on it. Overall, it seems to be gaining tremendous traction for a product not "primetime" yet.
lots of speculation and hype. esepcially in asian countries where its hard to move currency in and out of the country.
the part that I see that is more than hype to me is the Ethereum Alliance of major partners ...they are not in it for the money ...but a way of doing business and saving money. Even Fidelity CEO is into it.
yeah that's true. sounds like a step one move. good to see it's in our direction ;)
time will tell....but it seems like it has "first mover advantage" or maybe I am not smart enough to know of another like it or coming up strong --- Monero looks very strong for security.
this is big - domino effect in the works with these countries backing what their already using with eth.
This is huge! What a way to modernise a system - start with the currency. They will realise benefits rather quickly and that will encourage other countries to do the same. You're right, Eth will benefit hugely as well. R&D cannot be done within the banking system as easily as it can on the public blockchain. Anyone wanting to get a piece of the massive move will be doing development and testing on the public Eth blockchain. We're on a wave of adoption and it keeps growing.